Alumasc Group plc’s “Buy” Rating Reaffirmed at FinnCap (ALU)
Alumasc Group plc (LON:ALU)‘s stock had its “buy” rating reiterated by equities researchers at FinnCap in a research note issued to investors on Tuesday. They currently have a GBX 172 ($2.85) price objective on the stock. FinnCap’s price objective indicates a potential upside of 34.90% from the company’s current price.
Alumasc Group plc (LON:ALU) traded up 6.25% on Tuesday, hitting GBX 127.50. The stock had a trading volume of 62,531 shares. Alumasc Group plc has a 52-week low of GBX 108.66 and a 52-week high of GBX 144.00. The stock’s 50-day moving average is GBX 113.5 and its 200-day moving average is GBX 121.6. The company’s market cap is £45.4 million.
The company also recently announced a dividend, which is scheduled for Wednesday, November 5th. Investors of record on Thursday, October 9th will be paid a dividend of GBX 2.80 ($0.05) per share. This represents a dividend yield of 2.15%. The ex-dividend date is Thursday, October 9th.
The Alumasc Group plc is a supplier of premium building and precision engineering products. The principal activities of the Company are the design, manufacture and marketing of products for the building and construction industries and the manufacture of engineering products and components for original equipment manufacturers (LON:ALU).
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