ContourGlobal (LON:GLO) Hits New 1-Year High at $259.50

ContourGlobal plc (LON:GLOGet Rating) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 259.50 ($3.13) and last traded at GBX 254.24 ($3.06), with a volume of 3323 shares traded. The stock had previously closed at GBX 257 ($3.10).

Analysts Set New Price Targets

Separately, Morgan Stanley reiterated an “equal weight” rating and issued a GBX 215 ($2.59) target price on shares of ContourGlobal in a report on Tuesday, May 3rd.

ContourGlobal Price Performance

The firm has a market capitalization of £1.67 billion and a PE ratio of 2,570.00. The business has a 50-day moving average of GBX 253.03 and a 200 day moving average of GBX 213.08. The company has a current ratio of 0.93, a quick ratio of 0.50 and a debt-to-equity ratio of 1,152.39.

ContourGlobal Increases Dividend

The business also recently declared a dividend, which was paid on Friday, June 10th. Investors of record on Thursday, May 26th were given a GBX 4.01 ($0.05) dividend. This is a positive change from ContourGlobal’s previous dividend of $3.39. This represents a yield of 2.12%. The ex-dividend date was Thursday, May 26th. ContourGlobal’s dividend payout ratio is presently 173.30%.

Insider Activity at ContourGlobal

In related news, insider Joseph Brandt sold 133,437 shares of the stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of GBX 249 ($3.00), for a total value of £332,258.13 ($400,311.00).

About ContourGlobal

(Get Rating)

ContourGlobal plc acquires, develops, and operates wholesale power generation businesses. The company generates 1,808 MW of renewable electricity from hydro, solar, wind, and biogas; and 2,509 MW of thermal electricity from gas, coal, and oil. It operates a portfolio of 138 thermal and renewable power plants.

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