Clinigen Group PLC (CLIN) Given Consensus Rating of “Buy” by Brokerages
Clinigen Group PLC (LON:CLIN) has been given an average recommendation of “Buy” by the six analysts that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 1,200.83 ($16.08).
Several brokerages have issued reports on CLIN. Peel Hunt reissued an “add” rating and issued a GBX 1,200 ($16.07) price target on shares of Clinigen Group in a research note on Wednesday, September 13th. N+1 Singer reissued a “buy” rating and issued a GBX 1,225 ($16.41) price target on shares of Clinigen Group in a research note on Wednesday. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 1,360 ($18.21) price target on shares of Clinigen Group in a research note on Tuesday, November 7th. Finally, Berenberg Bank began coverage on Clinigen Group in a research note on Wednesday, November 1st. They issued a “hold” rating and a GBX 1,200 ($16.07) price target on the stock.
In other news, insider John Bacon sold 250,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of GBX 1,093 ($14.64), for a total transaction of £2,732,500 ($3,659,434.85). Also, insider Shaun Edward Chilton sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of GBX 1,150 ($15.40), for a total value of £1,150,000 ($1,540,109.82). In the last 90 days, insiders have sold 354,955 shares of company stock valued at $393,289,235.
Clinigen Group (LON:CLIN) last posted its quarterly earnings data on Thursday, September 28th. The company reported GBX 41.80 ($0.56) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 41.20 ($0.55) by GBX 0.60 ($0.01). Clinigen Group had a return on equity of 0.98% and a net margin of 0.70%. The company had revenue of £302.30 million for the quarter.
The company also recently disclosed a dividend, which was paid on Friday, December 1st. Stockholders of record on Thursday, November 9th were issued a dividend of GBX 3.40 ($0.05) per share. This is an increase from Clinigen Group’s previous dividend of $1.60. The ex-dividend date of this dividend was Thursday, November 9th. This represents a dividend yield of 0.32%.
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About Clinigen Group
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