Peel Hunt Reaffirms “Buy” Rating for Lavendon Group plc (LVD)
Lavendon Group plc (LON:LVD)‘s stock had its “buy” rating reaffirmed by equities researchers at Peel Hunt in a research note issued to investors on Monday. They presently have a GBX 275 ($3.40) price objective on the stock. Peel Hunt’s price objective indicates a potential upside of 105.99% from the stock’s previous close.
LVD has been the topic of a number of other research reports. Canaccord Genuity dropped their price target on shares of Lavendon Group plc from GBX 229 ($2.83) to GBX 165 ($2.04) and set a “buy” rating on the stock in a research note on Friday, July 15th. Berenberg Bank reiterated a “buy” rating and issued a GBX 230 ($2.85) price target on shares of Lavendon Group plc in a research note on Thursday, September 1st. Five equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of GBX 226.50 ($2.80).
Lavendon Group plc (LON:LVD) traded up 2.69% during trading on Monday, hitting GBX 133.50. 78,728 shares of the stock traded hands. The firm has a 50-day moving average price of GBX 131.65 and a 200 day moving average price of GBX 128.27. Lavendon Group plc has a 52-week low of GBX 102.31 and a 52-week high of GBX 184.55. The company’s market cap is GBX 226.65 million.
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The business also recently announced a dividend, which was paid on Friday, October 7th. Shareholders of record on Thursday, September 8th were paid a dividend of GBX 2 ($0.02) per share. This represents a yield of 1.47%. The ex-dividend date of this dividend was Thursday, September 8th.
Lavendon Group plc Company Profile
Lavendon Group plc is a United Kingdom-based company engaged in the rental of powered access equipment. The Company’s segments are the UK, the Middle East, Germany, France, Belgium and Corporate. The Company’s business includes Nationwide Platforms, Rapid, Gardemann, Lavendon France and dk rental. Nationwide Platforms is a powered access provider with a fleet of over 10,350 machines operating from a network of over 30 depots.
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