Berenberg Bank Reiterates “Buy” Rating for Eurocell (LON:ECEL)

Berenberg Bank reiterated their buy rating on shares of Eurocell (LON:ECEL – Get Rating) in a research note published on Thursday morning, MarketBeat reports. The brokerage currently has a GBX 250 ($3.05) price objective on the stock.

Eurocell Stock Performance

Shares of LON ECEL opened at GBX 141 ($1.72) on Thursday. The company’s fifty day moving average price is GBX 148.77 and its 200 day moving average price is GBX 145.74. Eurocell has a 1 year low of GBX 130 ($1.58) and a 1 year high of GBX 232.32 ($2.83). The company has a market capitalization of £158.05 million, a PE ratio of 705.00 and a beta of 0.81. The company has a debt-to-equity ratio of 71.91, a quick ratio of 0.87 and a current ratio of 1.76.

Eurocell Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 17th. Investors of record on Thursday, April 20th will be issued a dividend of GBX 7.20 ($0.09) per share. The ex-dividend date of this dividend is Thursday, April 20th. This is an increase from Eurocell’s previous dividend of $3.50. This represents a yield of 5.2%. Eurocell’s dividend payout ratio is 5,000.00%.

Insider Buying and Selling

In other news, insider Michael Scott purchased 13,944 shares of the stock in a transaction that occurred on Thursday, March 16th. The shares were purchased at an average cost of GBX 142 ($1.73) per share, with a total value of £19,800.48 ($24,132.21). 1.22% of the stock is currently owned by insiders.

About Eurocell

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Eurocell plc manufactures, distributes, and recycles windows, doors, and roofline polyvinyl chloride (PVC) building products in the United Kingdom. It operates through Profiles and Building Plastics segments. The company manufactures and sells extruded rigid and foam PVC profiles to third-party fabricators and customers.