Insider Buying: Contourglobal PLC (LON:GLO) Insider Buys 17,285 Shares of Stock

Contourglobal PLC (LON:GLO) insider Ruth Cairnie bought 17,285 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average cost of GBX 168 ($2.20) per share, for a total transaction of £29,038.80 ($37,944.34).

Contourglobal stock opened at GBX 168.20 ($2.20) on Thursday. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 604.68. Contourglobal PLC has a 1-year low of GBX 142.90 ($1.87) and a 1-year high of GBX 258 ($3.37). The company has a market cap of $1.13 billion and a price-to-earnings ratio of 60.07. The business’s 50 day moving average price is GBX 175.32.

The business also recently declared a dividend, which will be paid on Friday, September 6th. Shareholders of record on Thursday, August 15th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a yield of 1.82%. Contourglobal’s dividend payout ratio is presently 4.64%.

Separately, Royal Bank of Canada reaffirmed an “outperform” rating on shares of Contourglobal in a report on Thursday, July 18th.

Contourglobal Company Profile

ContourGlobal plc, together with its subsidiaries, acquires, owns, develops, and operates wholesale power generation businesses in Europe, Latin America, Africa, and the Caribbean islands. The company operates in Thermal Energy and Renewable Energy segments. It generates electricity from coal, lignite, natural gas, fuel oil, diesel, wind, solar, and hydro power plants with total installed capacity of 1,424 MW in Latin America and 228 MW in Africa.

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