Liberum Capital Raises Hipgnosis Songs Fund (LON:SONG) Price Target to GBX 130

Hipgnosis Songs Fund (LON:SONG) had its target price boosted by Liberum Capital from GBX 116 ($1.43) to GBX 130 ($1.60) in a research note issued to investors on Thursday, Stock Target Advisor reports. Liberum Capital currently has a buy rating on the stock.

Shares of LON SONG opened at GBX 117 ($1.44) on Thursday. The stock has a fifty day moving average price of GBX 116.37 and a two-hundred day moving average price of GBX 105.77. The company has a debt-to-equity ratio of 9.02, a quick ratio of 1.45 and a current ratio of 1.48. The firm has a market cap of $720.55 million and a P/E ratio of 19.18. Hipgnosis Songs Fund has a 1 year low of GBX 0.96 ($0.01) and a 1 year high of GBX 118.42 ($1.46).

The company also recently declared a dividend, which was paid on Friday, July 31st. Shareholders of record on Thursday, July 16th were paid a dividend of GBX 1.25 ($0.02) per share. This represents a yield of 1.07%. The ex-dividend date of this dividend was Thursday, July 16th. Hipgnosis Songs Fund’s payout ratio is currently 81.97%.

In related news, insider Andrew Sutch acquired 14,227 shares of Hipgnosis Songs Fund stock in a transaction dated Wednesday, May 13th. The stock was acquired at an average cost of GBX 105 ($1.29) per share, with a total value of £14,938.35 ($18,383.40). Also, insider Paul Burger acquired 1,770 shares of Hipgnosis Songs Fund stock in a transaction dated Thursday, May 7th. The shares were bought at an average cost of GBX 102 ($1.26) per share, with a total value of £1,805.40 ($2,221.76).

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