Abcam (LON:ABC) Given Add Rating at Peel Hunt

Peel Hunt reaffirmed their add rating on shares of Abcam (LON:ABC) in a report issued on Monday morning, ThisIsMoney.Co.Uk reports. Peel Hunt currently has a GBX 1,300 ($16.99) price objective on the stock, down from their previous price objective of GBX 1,430 ($18.69).

Shares of LON:ABC opened at GBX 1,164 ($15.21) on Monday. The company has a fifty day simple moving average of GBX 1,222.48 and a 200 day simple moving average of GBX 1,292.48. The firm has a market cap of $2.39 billion and a PE ratio of 41.72. Abcam has a 12-month low of GBX 1,006 ($13.15) and a 12-month high of GBX 1,523 ($19.90).

The business also recently disclosed a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 7th will be paid a dividend of GBX 8.58 ($0.11) per share. This represents a yield of 0.74%. This is an increase from Abcam’s previous dividend of $3.55. The ex-dividend date of this dividend is Thursday, November 7th. Abcam’s dividend payout ratio is 0.43%.

In related news, insider Alan Thomas Hirzel acquired 4,250 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was bought at an average cost of GBX 1,139 ($14.88) per share, with a total value of £48,407.50 ($63,252.97).

About Abcam

Abcam plc, together with its subsidiaries, produces and distributes research-grade antibodies and associated protein research tools worldwide. The company primarily offers primary and secondary antibodies; ELISA, matched antibody pairs and multiplex immunoassays; cell and tissue imaging tools; cellular and biochemical assays; proteins and peptides; proteomics tools; agonists, antagonists, activators, and inhibitors; lysates; and multiplex miRNA assays.

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