Insider Selling: Produce Investments Ltd (PIL) Insider Sells 130,400 Shares of Stock
Produce Investments Ltd (LON:PIL) insider Neil Davidson sold 130,400 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of GBX 192 ($2.55), for a total value of £250,368 ($332,670.74).
Shares of Produce Investments Ltd (LON PIL) traded down 2.63% on Monday, hitting GBX 185.00. The company had a trading volume of 5,000 shares. The firm has a 50 day moving average of GBX 178.72 and a 200-day moving average of GBX 183.13. Produce Investments Ltd has a 12-month low of GBX 143.00 and a 12-month high of GBX 220.00. The firm’s market capitalization is GBX 50.16 million.
The firm also recently disclosed a dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Thursday, November 2nd will be paid a GBX 5.03 ($0.07) dividend. This is a positive change from Produce Investments’s previous dividend of $2.44. The ex-dividend date is Thursday, November 2nd. This represents a yield of 2.75%.
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A number of research analysts recently weighed in on PIL shares. Whitman Howard reissued a “buy” rating and issued a GBX 210 ($2.79) price objective on shares of Produce Investments in a research note on Thursday, July 20th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 286 ($3.80) price objective on shares of Produce Investments in a research note on Thursday, October 5th. Finally, Shore Capital reissued a “buy” rating on shares of Produce Investments in a research note on Thursday, September 21st.
About Produce Investments
Produce Investments PLC is engaged in growing, sourcing, packing and marketing potatoes, daffodils bulbs and flowers. The Company operates through three segments: fresh, processing and other. The Fresh segment comprises the sites, staff and assets that grow, source, pack and deliver fresh produce to customers, ranging from large retailers, wholesalers to small private businesses and this segment covers potatoes, daffodils and bulbs.
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