Clinigen Group PLC (CLIN) Given Average Recommendation of “Buy” by Brokerages
Clinigen Group PLC (LON:CLIN) has been given an average rating of “Buy” by the six research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 1,145.83 ($15.07).
Several equities analysts have recently weighed in on CLIN shares. Peel Hunt upgraded Clinigen Group PLC to a “buy” rating and lifted their price target for the company from GBX 1,200 ($15.78) to GBX 1,350 ($17.76) in a research report on Tuesday, October 10th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 1,360 ($17.89) price target on shares of Clinigen Group PLC in a research report on Tuesday. Berenberg Bank started coverage on Clinigen Group PLC in a research report on Wednesday, November 1st. They issued a “hold” rating and a GBX 1,200 ($15.78) price target for the company. Finally, Numis Securities Ltd cut Clinigen Group PLC to an “add” rating and set a GBX 1,100 ($14.47) price target for the company. in a research report on Tuesday, July 18th.
Shares of Clinigen Group PLC (LON CLIN) opened at GBX 1,112 ($14.63) on Tuesday. Clinigen Group PLC has a 52-week low of GBX 695 ($9.14) and a 52-week high of GBX 1,187 ($15.61).
Clinigen Group PLC (LON:CLIN) last announced its quarterly earnings results on Thursday, September 28th. The company reported GBX 41.80 ($0.55) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of GBX 41.20 ($0.54) by GBX 0.60 ($0.01). The company had revenue of £302.30 million during the quarter. Clinigen Group PLC had a return on equity of 0.98% and a net margin of 0.70%.
The business also recently announced a dividend, which will be paid on Friday, December 1st. Stockholders of record on Thursday, November 9th will be paid a GBX 3.40 ($0.04) dividend. This represents a dividend yield of 0.32%. The ex-dividend date of this dividend is Thursday, November 9th. This is a positive change from Clinigen Group PLC’s previous dividend of $1.60.
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In other news, insider John Bacon sold 250,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of GBX 1,093 ($14.38), for a total value of £2,732,500 ($3,593,976.06). Also, insider Shaun Edward Chilton sold 100,000 shares of the business’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of GBX 1,150 ($15.13), for a total value of £1,150,000 ($1,512,560.83).
Clinigen Group PLC Company Profile
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