Liberum Capital Reaffirms “Buy” Rating for Quarto Group Inc (QRT)
Quarto Group Inc (LON:QRT)‘s stock had its “buy” rating reissued by analysts at Liberum Capital in a research report issued on Wednesday. They presently have a GBX 380 ($4.81) price target on the stock. Liberum Capital’s target price indicates a potential upside of 53.54% from the company’s current price.
Quarto Group (QRT) traded up 1.02% on Wednesday, hitting GBX 247.50. 3,557 shares of the stock were exchanged. Quarto Group has a 12 month low of GBX 225.25 and a 12 month high of GBX 325.00. The company has a 50-day moving average of GBX 253.17 and a 200-day moving average of GBX 281.32. The stock’s market cap is GBX 50.60 million.
The business also recently declared a dividend, which was paid on Friday, June 16th. Stockholders of record on Thursday, May 18th were paid a €0.10 ($0.11) dividend. The ex-dividend date was Thursday, May 18th. This is a positive change from Quarto Group’s previous dividend of $0.05. This represents a dividend yield of 3.13%.
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In related news, insider Jessica Burley purchased 4,055 shares of Quarto Group stock in a transaction dated Tuesday, April 4th. The stock was purchased at an average cost of GBX 257 ($3.25) per share, for a total transaction of £10,421.35 ($13,183.24).
About Quarto Group
The Quarto Group, Inc is an illustrated book publishing and distribution company. The Company is engaged in creating content and publishing books from a diverse portfolio of imprints. It operates through segments, including Quarto International Co-Editions Group; Quarto Publishing Group USA; Quarto Publishing Group UK; Books & Gifts Direct, ANZ, and Quarto HK.
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