Eurocell (LON:ECEL) Price Target Raised to GBX 200 at Berenberg Bank

Eurocell (LON:ECEL) had its price target lifted by Berenberg Bank from GBX 180 ($2.37) to GBX 200 ($2.63) in a research report report published on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

Eurocell Stock Up 4.8 %

Shares of Eurocell stock opened at GBX 152 ($2.00) on Wednesday. The firm has a market cap of £158.63 million, a price-to-earnings ratio of 1,688.89 and a beta of 0.85. The stock has a 50-day simple moving average of GBX 144.92 and a 200-day simple moving average of GBX 133.97. Eurocell has a 52-week low of GBX 98.80 ($1.30) and a 52-week high of GBX 155 ($2.04). The company has a debt-to-equity ratio of 51.27, a current ratio of 1.70 and a quick ratio of 0.87.

Eurocell Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 11th. Shareholders of record on Thursday, September 12th will be given a GBX 2.20 ($0.03) dividend. This represents a yield of 1.52%. The ex-dividend date is Thursday, September 12th. Eurocell’s dividend payout ratio is 6,666.67%.

Insider Transactions at Eurocell

In other Eurocell news, insider Iraj Amiri acquired 1,456 shares of Eurocell stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average price of GBX 145 ($1.91) per share, with a total value of £2,111.20 ($2,776.07). 2.10% of the stock is currently owned by company insiders.

Eurocell Company Profile

Eurocell plc engages in manufacture, distribution, and recycling of windows, doors, and roofline polyvinyl chloride (PVC) building products in the United Kingdom and the Republic of Ireland. The company operates through Profiles and Building Plastics segments. It also offers fascia and capping boards, finishing trims, soffit boards, ventilators, and accessories; decking, fencing, and balustrade.