Alent PLC’s “Buy” Rating Reaffirmed at Liberum Capital (ALNT)
Alent PLC (LON:ALNT)‘s stock had its “buy” rating restated by equities researchers at Liberum Capital in a research report issued on Monday. They currently have a GBX 400 ($6.64) price objective on the stock. Liberum Capital’s price objective indicates a potential upside of 13.96% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Alent PLC in a research note on Thursday, August 7th. They now have a GBX 430 ($7.14) price target on the stock. Separately, analysts at Numis Securities Ltd raised their price target on shares of Alent PLC from GBX 340 ($5.64) to GBX 390 ($6.47) in a research note on Tuesday, August 5th. They now have an “add” rating on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Alent PLC in a research note on Tuesday, August 5th. They now have a GBX 357 ($5.92) price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 381.17 ($6.33).
Alent PLC (LON:ALNT) opened at 361.00 on Monday. Alent PLC has a 52-week low of GBX 297.80 and a 52-week high of GBX 392.00. The stock has a 50-day moving average of GBX 344.2 and a 200-day moving average of GBX 330.4. The company’s market cap is £1.005 billion.
The company also recently declared a dividend, which is scheduled for Friday, October 17th. Investors 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.
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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