De La Rue plc (DLAR) PT Lowered to GBX 670 at JPMorgan Chase & Co.
De La Rue plc (LON:DLAR) had its price objective lowered by investment analysts at JPMorgan Chase & Co. from GBX 700 ($9.11) to GBX 670 ($8.72) in a report issued on Wednesday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 1.52% from the stock’s previous close.
Other equities research analysts also recently issued reports about the company. Citigroup Inc downgraded De La Rue plc to a “neutral” rating and set a GBX 710 ($9.24) price target for the company. in a report on Thursday, May 4th. Numis Securities Ltd downgraded De La Rue plc to a “hold” rating and decreased their price target for the stock from GBX 671 ($8.73) to GBX 634 ($8.25) in a report on Monday, March 27th.
Shares of De La Rue plc (LON:DLAR) traded down 0.83% during mid-day trading on Wednesday, reaching GBX 660.00. 413,931 shares of the company’s stock traded hands. The firm’s 50-day moving average is GBX 649.27 and its 200 day moving average is GBX 614.37. De La Rue plc has a one year low of GBX 458.34 and a one year high of GBX 690.00. The firm’s market cap is GBX 669.65 million.
The business also recently declared a dividend, which will be paid on Thursday, August 3rd. Investors of record on Thursday, June 29th will be issued a dividend of GBX 16.70 ($0.22) per share. The ex-dividend date is Thursday, June 29th. This is an increase from De La Rue plc’s previous dividend of $8.30. This represents a dividend yield of 2.51%.
In related news, insider Martin Sutherland sold 10,028 shares of the stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of GBX 626 ($8.14), for a total transaction of £62,775.28 ($81,664.21).
About De La Rue plc
De La Rue plc designs, manufactures and delivers banknotes to customers across the world. The Company’s segments include Currency, Identity Solutions, and Product Authentication and Traceability. The Currency segment provides printed banknotes, banknote paper and polymer substrates and banknote security components.
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