Joules’ (JOUL) Buy Rating Reaffirmed at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Joules (LON:JOUL) in a research note released on Thursday, LSE.Co.UK reports. Peel Hunt currently has a GBX 400 ($5.23) price target on the stock.

JOUL has been the topic of a number of other research reports. Peel Hunt reaffirmed a buy rating and set a GBX 400 ($5.23) price target on shares of Joules in a research report on Thursday. Liberum Capital reaffirmed a buy rating on shares of Joules in a research report on Tuesday, July 23rd. Finally, Berenberg Bank reaffirmed a buy rating and set a GBX 360 ($4.70) price target on shares of Joules in a research report on Thursday, June 6th.

Shares of LON JOUL traded up GBX 5 ($0.07) during mid-day trading on Thursday, reaching GBX 272 ($3.55). 9,246 shares of the company’s stock were exchanged, compared to its average volume of 88,266. The firm has a market capitalization of $242.27 million and a price-to-earnings ratio of 24.07. The company has a current ratio of 1.39, a quick ratio of 0.45 and a debt-to-equity ratio of 19.59. The business has a fifty day simple moving average of GBX 260.94 and a 200 day simple moving average of GBX 266.50. Joules has a twelve month low of GBX 202 ($2.64) and a twelve month high of GBX 317 ($4.14).

The firm also recently declared a dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, October 24th will be given a dividend of GBX 1.35 ($0.02) per share. The ex-dividend date of this dividend is Thursday, October 24th. This represents a dividend yield of 0.54%. This is a positive change from Joules’s previous dividend of $0.75. Joules’s dividend payout ratio (DPR) is currently 0.18%.

In other news, insider Colin Nigel Porter sold 209,796 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of GBX 247 ($3.23), for a total transaction of £518,196.12 ($677,115.01).

About Joules

Joules Group Plc, together with its subsidiaries, designs and sells lifestyle clothing, related accessories, and home ware under the Joules brand in the United Kingdom and internationally. The company operates through three segments: Retail, Wholesale, and Other. Its product portfolio includes women's swear, such as shirts, dresses, tunics, rainwear, and cold weather coats and accessories; men's wear, including tops, chinos, shirts, and denim, as well as rainwear; boys and girls, and baby collections; wellies; and home ware comprising kitchen textiles, crockery, bedding, cushions, picnic ware, and throws, as well as licensed products, including eyewear, bedding, and toiletries.

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