Eurocell (LON:ECEL) Hits New 12-Month High After Dividend Announcement

Eurocell plc (LON:ECEL) shares hit a new 52-week high on Thursday following a dividend announcement from the company. The company traded as high as GBX 157 ($2.06) and last traded at GBX 154 ($2.02), with a volume of 467906 shares changing hands. The stock had previously closed at GBX 152 ($2.00).

The newly announced dividend which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 12th will be issued a dividend of GBX 2.20 ($0.03) per share. This represents a dividend yield of 1.52%. The ex-dividend date of this dividend is Thursday, September 12th. Eurocell’s dividend payout ratio (DPR) is presently 6,666.67%.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their target price on Eurocell from GBX 180 ($2.37) to GBX 200 ($2.63) and gave the stock a “buy” rating in a research note on Wednesday.

Eurocell Price Performance

The stock has a market capitalization of £162.80 million, a PE ratio of 1,733.33 and a beta of 0.85. The company has a debt-to-equity ratio of 51.27, a current ratio of 1.70 and a quick ratio of 0.87. The stock’s fifty day moving average is GBX 145.96 and its 200-day moving average is GBX 134.33.

Insiders Place Their Bets

In other Eurocell news, insider Iraj Amiri purchased 1,456 shares of the stock in a transaction on Tuesday, August 6th. The shares were bought at an average price of GBX 145 ($1.91) per share, for a total transaction of £2,111.20 ($2,776.07). Insiders own 2.10% of the company’s stock.

About Eurocell

Eurocell plc engages in manufacture, distribution, and recycling of windows, doors, and roofline polyvinyl chloride (PVC) building products in the United Kingdom and the Republic of Ireland. The company operates through Profiles and Building Plastics segments. It also offers fascia and capping boards, finishing trims, soffit boards, ventilators, and accessories; decking, fencing, and balustrade.