Quarto Group Inc (QRT) Stock Rating Upgraded by Peel Hunt
Quarto Group Inc (LON:QRT) was upgraded by equities research analysts at Peel Hunt to a “buy” rating in a research note issued on Friday. The firm presently has a GBX 375 ($4.64) price target on the stock, up from their previous price target of GBX 300 ($3.71). Peel Hunt’s price target suggests a potential upside of 33.45% from the company’s current price.
Separately, Northland Securities restated a “corporate” rating on shares of Quarto Group in a report on Tuesday, August 9th.
Quarto Group (LON:QRT) opened at 281.10 on Friday. The stock has a 50 day moving average price of GBX 281.44 and a 200-day moving average price of GBX 255.96. Quarto Group has a one year low of GBX 195.00 and a one year high of GBX 287.50. The firm’s market capitalization is GBX 55.37 million.
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The firm also recently declared a dividend, which will be paid on Wednesday, October 26th. Investors of record on Thursday, September 22nd will be issued a dividend of GBX 0.05 ($0.00) per share. This represents a yield of 1.38%. The ex-dividend date is Thursday, September 22nd.
In other Quarto Group news, insider Connole,Michael purchased 5,383 shares of Quarto Group stock in a transaction that occurred on Monday, September 5th. The stock was acquired at an average price of GBX 280 ($3.47) per share, for a total transaction of £15,072.40 ($18,653.96). Also, insider Leaver,Marcus purchased 5,494 shares of Quarto Group stock in a transaction that occurred on Thursday, August 18th. The shares were acquired at an average price of GBX 275 ($3.40) per share, with a total value of £15,108.50 ($18,698.64).
About Quarto Group
The Quarto Group, Inc is an illustrated book publishing and distribution company. The Company is involved in the areas of display marketing and print broking. It operates through five businesses: Quarto International Co-editions Group; Quarto Publishing Group USA; Quarto Publishing Group UK; Quarto Hong Kong, and Books & Gifts Direct, Australia & New Zealand.
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