Charles Taylor (LON:CTR) Lowered to Hold at Canaccord Genuity

Canaccord Genuity lowered shares of Charles Taylor (LON:CTR) to a hold rating in a research note released on Friday morning, Digital Look reports. The firm currently has GBX 120 ($1.57) target price on the stock, down from their previous target price of GBX 130 ($1.70).

Separately, Liberum Capital cut their price target on shares of Charles Taylor from GBX 385 ($5.03) to GBX 365 ($4.77) and set a buy rating on the stock in a report on Thursday, September 12th.

LON:CTR opened at GBX 322 ($4.21) on Friday. The company’s 50 day moving average price is GBX 234.26 and its 200-day moving average price is GBX 225.14. Charles Taylor has a 52 week low of GBX 184.50 ($2.41) and a 52 week high of GBX 275 ($3.59). The company has a quick ratio of 0.28, a current ratio of 1.04 and a debt-to-equity ratio of 190.15. The stock has a market cap of $250.88 million and a price-to-earnings ratio of -59.63.

The business also recently announced a dividend, which will be paid on Friday, November 8th. Investors of record on Thursday, October 10th will be issued a GBX 3.65 ($0.05) dividend. This represents a yield of 1.59%. The ex-dividend date is Thursday, October 10th. Charles Taylor’s dividend payout ratio is currently -2.22%.

About Charles Taylor

Charles Taylor plc provides professional services and technology solutions to the insurance market in the United Kingdom, the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It operates through Management Services, Adjusting Services, and Insurance Support Services businesses. The Management Services business provides management services to insurance companies, mutuals, and associations.

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