SpaceandPeople Plc Given Neutral Rating by Edison Group Analysts (SAL)
The analysts wrote, “SpaceandPeople issued a trading update indicating that Q114 performance
was below management expectations and that the outlook for the year was
below both internal and external forecasts. Being a relatively high margin
business model, lost revenues have a greater impact on earnings and pretax
guidance is now around half the level at the time of March’s finals. The
group, however, remains profitable and cash generative and the dividend,
generating a premium yield, is well covered by the revised EPS.”
A number of other analysts have also recently weighed in on SAL. Analysts at Cantor Fitzgerald Europe downgraded shares of SpaceandPeople Plc to a “sell” rating in a research note on Thursday, April 17th. They now have a GBX 72 ($1.21) price target on the stock, down previously from GBX 200 ($3.36).
SpaceandPeople Plc (LON:SAL) opened at 71.00 on Wednesday. SpaceandPeople Plc has a 52-week low of GBX 79.50 and a 52-week high of GBX 155.00. The stock’s 50-day moving average is GBX 135. and its 200-day moving average is GBX 130.3.
The company also recently declared a dividend, which is scheduled for Friday, April 25th. Shareholders of record on Wednesday, April 2nd will be given a dividend of GBX 4.10 ($0.07) per share. This represents a yield of 2.83%. The ex-dividend date of this dividend is Wednesday, April 2nd.
SpaceandPeople plc is a United Kingdom-based international destination media specialist company. The Company is engaged in the marketing and selling of promotional and retail licensing space on behalf of shopping centers and other venues throughout the United Kingdom, Germany and India.
To view Edison Group’s full report, visit Edison Group’s official website.
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