Palace Capital (LON:PCA) Shares Pass Above 50 Day Moving Average of $273.54

Palace Capital Plc (LON:PCAGet Rating)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 273.54 ($3.35) and traded as high as GBX 286 ($3.50). Palace Capital shares last traded at GBX 285 ($3.49), with a volume of 98,932 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of Palace Capital in a report on Tuesday, April 26th.

Palace Capital Stock Up 1.2 %

The company has a quick ratio of 0.84, a current ratio of 1.34 and a debt-to-equity ratio of 57.77. The company has a market cap of £125.48 million and a PE ratio of 537.74. The stock has a 50-day moving average of GBX 273.54 and a 200-day moving average of GBX 265.80.

Palace Capital Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, August 5th. Investors of record on Thursday, June 30th were given a GBX 3.75 ($0.05) dividend. This represents a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, June 30th. This is an increase from Palace Capital’s previous dividend of $3.25. Palace Capital’s dividend payout ratio (DPR) is 23.58%.

Palace Capital Company Profile

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Palace Capital plc is a real estate investment firm specializing in investment in entities operating in the property sector. It seeks to invest in United Kingdom. Palace Capital plc is based in London, the United Kingdom.

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