Alent PLC’s “Buy” Rating Reaffirmed at Espirito Santo Investment Bank Research (ALNT)
Alent PLC (LON:ALNT)‘s stock had its “buy” rating reaffirmed by Espirito Santo Investment Bank Research in a research note issued on Thursday. They currently have a GBX 430 ($7.24) price target on the stock. Espirito Santo Investment Bank Research’s price target suggests a potential upside of 27.41% from the stock’s previous close.
Alent PLC (LON:ALNT) opened at 331.90 on Thursday. Alent PLC has a 52 week low of GBX 297.80 and a 52 week high of GBX 392.00. The stock’s 50-day moving average is GBX 349.3 and its 200-day moving average is GBX 327.0. The company’s market cap is £924.0 million.
The company also recently declared a dividend, which is scheduled for Friday, October 17th. Stockholders of record on Wednesday, September 24th will be given a dividend of GBX 3 ($0.05) per share. This represents a yield of 0.88%. The ex-dividend date of this dividend is Wednesday, September 24th.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd raised their price target on shares of Alent PLC from GBX 340 ($5.72) to GBX 390 ($6.56) in a research note on Tuesday. They now have an “add” rating on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Alent PLC in a research note on Tuesday. They now have a GBX 357 ($6.01) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Alent PLC in a research note on Monday. They now have a GBX 390 ($6.56) price target on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 381.17 ($6.41).
Alent plc (LON:ALNT) is a supplier of advanced, consumable specialty chemicals and engineered materials used in the electronics, automotive and industrial end market segments.
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