Lavendon Group plc (LVD) Given “Buy” Rating at Peel Hunt
Lavendon Group plc (LON:LVD)‘s stock had its “buy” rating reissued by analysts at Peel Hunt in a report released on Monday. They presently have a GBX 275 ($3.59) price objective on the stock. Peel Hunt’s target price points to a potential upside of 104.84% from the stock’s previous close.
A number of other equities research analysts have also recently commented on LVD. Canaccord Genuity decreased their price objective on Lavendon Group plc from GBX 229 ($2.99) to GBX 165 ($2.15) and set a “buy” rating for the company in a research note on Friday, July 15th. Berenberg Bank reissued a “buy” rating and issued a GBX 230 ($3.00) target price on shares of Lavendon Group plc in a research note on Thursday, September 1st. Five investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and a consensus target price of GBX 226.50 ($2.96).
Shares of Lavendon Group plc (LON:LVD) opened at 132.50 on Monday. The stock’s market capitalization is GBX 224.96 million. The stock’s 50 day moving average price is GBX 131.26 and its 200-day moving average price is GBX 128.54. Lavendon Group plc has a 1-year low of GBX 102.31 and a 1-year high of GBX 184.55.
The company also recently declared a dividend, which was paid on Friday, October 7th. Stockholders of record on Thursday, September 8th were issued a GBX 2 ($0.03) dividend. The ex-dividend date was Thursday, September 8th. This represents a dividend yield of 1.47%.
About Lavendon Group plc
Lavendon Group plc is a United Kingdom-based company engaged in the rental of powered access equipment. The Company’s segments are the UK, the Middle East, Germany, France, Belgium and Corporate. The Company’s business includes Nationwide Platforms, Rapid, Gardemann, Lavendon France and dk rental. Nationwide Platforms is a powered access provider with a fleet of over 10,350 machines operating from a network of over 30 depots.
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