Pace plc Announces Dividend of GBX 1.33 (PIC)
Pace plc (LON:PIC) announced a dividend on Monday, July 28th, American Banking News reports. Investors of record on Thursday, November 6th will be paid a dividend of GBX 1.33 ($0.02) per share on Friday, December 5th. This represents a dividend yield of 0.42%. The ex-dividend date is Thursday, November 6th. The official announcement can be viewed at this link.
PIC has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Pace plc in a research note on Tuesday, August 5th. They now have a GBX 445 ($7.47) price target on the stock. On a related note, analysts at Jefferies Group cut their price target on shares of Pace plc from GBX 467 ($7.83) to GBX 425 ($7.13) in a research note on Wednesday, July 30th. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Pace plc in a research note on Monday, July 28th. They now have a GBX 475 ($7.97) price target on the stock. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 443.75 ($7.44).
Pace plc (LON:PIC) traded up 3.61% during mid-day trading on Monday, hitting GBX 316.7469. The stock had a trading volume of 906,736 shares. Pace plc has a 52-week low of GBX 247.70 and a 52-week high of GBX 487.00. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0.. The company’s market cap is £988.0 million.
Pace plc is engaged in the developing, designing and distribution of technologies, products and services for managed subscription television, telephony and broadband services and the provision of engineering design and software applications to its customers.
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