Canaccord Genuity Group Issues Pessimistic Forecast for Duke Capital (LON:DUKE) Stock Price

Duke Capital (LON:DUKE) had its price target lowered by Canaccord Genuity Group from GBX 52 ($0.65) to GBX 46 ($0.58) in a report issued on Monday morning, MarketBeat.com reports. The firm currently has a buy rating on the stock.

Separately, Canaccord Genuity Group reduced their price target on shares of Duke Capital from GBX 52 ($0.65) to GBX 46 ($0.58) and set a “buy” rating for the company in a report on Monday.

Duke Capital Stock Performance

LON:DUKE opened at GBX 30 ($0.38) on Monday. The company has a debt-to-equity ratio of 42.60, a current ratio of 29.50 and a quick ratio of 15.36. The business’s 50-day simple moving average is GBX 30.37 and its 200-day simple moving average is GBX 31.85. Duke Capital has a fifty-two week low of GBX 26.95 ($0.34) and a fifty-two week high of GBX 35 ($0.44). The stock has a market capitalization of £125.02 million, a PE ratio of 1,000.00 and a beta of 1.37.

Duke Capital Announces Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 24th will be given a dividend of GBX 0.70 ($0.01) per share. The ex-dividend date is Tuesday, December 24th. This represents a dividend yield of 2.33%. Duke Capital’s dividend payout ratio is currently 10,000.00%.

About Duke Capital

Duke Royalty Limited is a principal investment firm specializing in royalty financing. The firm It does not invest in start-ups or tight margin business models. It focuses on intellectual property assets and stable, cash flowing businesses with positive EBITDA, no debt or low levels of debt, and management desire to continue with the business.