Shore Capital reiterated their buy rating on shares of Conviviality PLC (LON:CVR) in a report issued on Wednesday.

Conviviality PLC (LON:CVR) remained flat at GBX 219.25 on Wednesday. 178,252 shares of the stock were exchanged. The company has a 50-day moving average of GBX 219.92 and a 200-day moving average of GBX 212.27. The stock’s market capitalization is GBX 338.27 million. Conviviality PLC has a 1-year low of GBX 163.09 and a 1-year high of GBX 239.00.

The firm also recently announced a dividend, which will be paid on Friday, October 7th. Stockholders of record on Thursday, September 8th will be given a dividend of GBX 7.40 ($0.10) per share. The ex-dividend date of this dividend is Thursday, September 8th. This is a positive change from Conviviality PLC’s previous dividend of $2.10. This represents a dividend yield of 3.78%.

In other news, insider Laing,Jennifer acquired 11,401 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The stock was bought at an average price of GBX 219 ($2.86) per share, with a total value of £24,968.19 ($32,591.29). Also, insider Hunter,Diana sold 33,333 shares of Conviviality PLC stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of GBX 222 ($2.90), for a total value of £73,999.26 ($96,592.17).

Conviviality PLC Company Profile

Conviviality PLC, formerly Conviviality Retail Plc owns the franchised off-license and convenience chain with approximately 611 franchisee-operated stores. The principal activities of the Company and its subsidiaries are wholesale and retail supply of beers, wines, spirits, tobacco, grocery and confectionery.

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