LaBarge Announces Quarterly Dividend of $0.34 (LB)
LaBarge (NYSE:LB) announced a quarterly dividend on Monday, February 3rd, StockRatingsNetwork reports. Investors of record on Friday, February 21st will be paid a dividend of 0.34 per share on Friday, March 7th. This represents a $1.36 annualized dividend and a dividend yield of 2.67%.
LB has been the subject of a number of recent research reports. Analysts at Buckingham Research initiated coverage on shares of LaBarge in a research note to investors on Wednesday, January 29th. They set a “neutral” rating and a $57.00 price target on the stock. On a related note, analysts at Mizuho cut their price target on shares of LaBarge from $65.00 to $58.00 in a research note to investors on Friday, January 10th. They now have a “neutral” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of LaBarge from $54.00 to $53.00 in a research note to investors on Thursday, January 9th. They now have a “hold” rating on the stock. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $61.00.
Shares of LaBarge (NYSE:LB) opened at 50.87 on Tuesday. LaBarge has a 52 week low of $42.49 and a 52 week high of $67.12. The stock’s 50-day moving average is $58.01 and its 200-day moving average is $59.40. The company has a market cap of $14.767 billion and a price-to-earnings ratio of 18.75.
LaBarge, Inc (NYSE:LB) provides electronic, electromechanical and interconnect systems on a contract basis for customers in diverse technology-driven markets.
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