Canaccord Genuity Reaffirms Hold Rating for Charles Stanley Group (LON:CAY)

Canaccord Genuity reiterated their hold rating on shares of Charles Stanley Group (LON:CAY) in a research report released on Wednesday, Digital Look reports. Canaccord Genuity currently has a GBX 295 ($3.85) target price on the stock.

Separately, Peel Hunt dropped their price objective on Biffa from GBX 264 ($3.45) to GBX 252 ($3.29) and set a buy rating for the company in a research note on Wednesday.

LON CAY opened at GBX 281 ($3.67) on Wednesday. Charles Stanley Group has a 1-year low of GBX 240 ($3.14) and a 1-year high of GBX 388 ($5.07). The stock has a market cap of $142.70 million and a P/E ratio of 16.15. The company has a 50 day moving average price of GBX 295.30.

The company also recently disclosed a dividend, which will be paid on Wednesday, July 17th. Investors of record on Thursday, June 13th will be paid a GBX 6 ($0.08) dividend. This is an increase from Charles Stanley Group’s previous dividend of $2.75. This represents a yield of 1.93%. The ex-dividend date of this dividend is Thursday, June 13th. Charles Stanley Group’s dividend payout ratio (DPR) is presently 0.52%.

Charles Stanley Group Company Profile

Charles Stanley Group PLC provides wealth management services in the United Kingdom. The company operates through four divisions: Investment Management Services, Asset Management, Financial Planning, and Charles Stanley Direct. The Investment Management Services division offers discretionary, advisory, cash management, and execution-only services to private clients, trusts, charities, and companies.

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