Alumasc Group (LON:ALU) Given New GBX 120 Price Target at Peel Hunt

Alumasc Group (LON:ALU) had its price objective dropped by research analysts at Peel Hunt from GBX 125 ($1.63) to GBX 120 ($1.57) in a report released on Friday, ThisIsMoney.Co.Uk reports. The firm currently has an “add” rating on the stock. Peel Hunt’s price target would suggest a potential upside of 20.00% from the company’s previous close.

Separately, FinnCap restated a “corporate” rating on shares of Alumasc Group in a research note on Friday.

LON ALU opened at GBX 100 ($1.31) on Friday. Alumasc Group has a 12 month low of GBX 85 ($1.11) and a 12 month high of GBX 150 ($1.96). The company has a market cap of $35.99 million and a price-to-earnings ratio of 7.35. The company has a current ratio of 1.75, a quick ratio of 1.21 and a debt-to-equity ratio of 23.22.

In other news, insider Andrew Magson sold 17,393 shares of Alumasc Group stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of GBX 115 ($1.50), for a total transaction of £20,001.95 ($26,136.09). Also, insider Jonathon Peter Pither acquired 20,000 shares of Alumasc Group stock in a transaction dated Thursday, May 9th. The shares were bought at an average price of GBX 93 ($1.22) per share, for a total transaction of £18,600 ($24,304.19). In the last 90 days, insiders have acquired 66,266 shares of company stock worth $6,339,004.

Alumasc Group Company Profile

The Alumasc Group plc, together with its subsidiaries, manufactures and sells building products, systems, and solutions in the United Kingdom, Europe, North America, the Middle East, the Far East, and internationally. The company offers solar shading and architectural screening products; balcony and balustrading systems; premium waterproofing solutions for flat roofs, including green roofs, blu-roofs, and roofing support services; exterior wall insulation and facades systems; integrated rain to drain solutions; and water management solutions to manage and attenuate water originating inside or outside of the buildings.

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