Berenberg Bank Boosts Eurocell (LON:ECEL) Price Target to GBX 200

Eurocell (LON:ECEL) had its target price hoisted by Berenberg Bank from GBX 180 ($2.37) to GBX 200 ($2.63) in a report issued on Wednesday, MarketBeat reports. Berenberg Bank currently has a buy rating on the stock.

Eurocell Trading Up 1.3 %

LON:ECEL opened at GBX 156 ($2.05) on Wednesday. The business’s 50-day moving average is GBX 145.96 and its two-hundred day moving average is GBX 134.33. The firm has a market capitalization of £162.80 million, a PE ratio of 1,733.33 and a beta of 0.85. Eurocell has a 12 month low of GBX 105 ($1.38) and a 12 month high of GBX 158 ($2.08). The company has a debt-to-equity ratio of 51.27, a current ratio of 1.70 and a quick ratio of 0.87.

Eurocell Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 12th will be paid a GBX 2.20 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a dividend yield of 1.52%. Eurocell’s dividend payout ratio (DPR) is presently 6,666.67%.

Insider Activity at Eurocell

In other Eurocell news, insider Iraj Amiri bought 1,456 shares of the stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price of GBX 145 ($1.91) per share, for a total transaction of £2,111.20 ($2,776.07). 2.10% of the stock is owned by corporate insiders.

About Eurocell

Eurocell plc engages in manufacture, distribution, and recycling of windows, doors, and roofline polyvinyl chloride (PVC) building products in the United Kingdom and the Republic of Ireland. The company operates through Profiles and Building Plastics segments. It also offers fascia and capping boards, finishing trims, soffit boards, ventilators, and accessories; decking, fencing, and balustrade.