Lavendon Group plc Raised to “Buy” at Panmure Gordon (LVD)
Lavendon Group plc (LON:LVD) was upgraded by equities research analysts at Panmure Gordon to a “buy” rating in a research note issued to investors on Friday. The firm currently has a GBX 230 ($3.82) target price on the stock. Panmure Gordon’s price target indicates a potential upside of 17.50% from the company’s current price.
Lavendon Group plc (LON:LVD) opened at 196.25 on Friday. Lavendon Group plc has a one year low of GBX 165.00 and a one year high of GBX 247.75. The stock has a 50-day moving average of GBX 206.8 and a 200-day moving average of GBX 218.9. The company’s market cap is £330.3 million.
The company also recently declared a dividend, which is scheduled for Friday, October 10th. Shareholders of record on Wednesday, September 10th will be given a dividend of GBX 1.40 ($0.02) per share. This represents a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 10th.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital initiated coverage on shares of Lavendon Group plc in a research note on Tuesday. They set a “hold” rating and a GBX 225 ($3.73) price target on the stock. Analysts at Peel Hunt reiterated a “buy” rating on shares of Lavendon Group plc in a research note on Friday, August 29th. They now have a GBX 275 ($4.56) price target on the stock.
Lavendon Group plc is a holding company. The principal activity of the Company is the rental of powered access equipment.
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