Quarto Group Inc (QRT) Stock Rating Upgraded by Peel Hunt
Quarto Group Inc (LON:QRT) was upgraded by analysts at Peel Hunt to a “buy” rating in a research report issued to clients and investors on Friday. The firm presently has a GBX 375 ($4.64) price target on the stock, up from their prior price target of GBX 300 ($3.71). Peel Hunt’s price objective points to a potential upside of 33.45% from the company’s previous close.
Separately, Northland Securities reaffirmed a “corporate” rating on shares of Quarto Group in a report on Tuesday, August 9th.
Shares of Quarto Group (LON:QRT) opened at 281.10 on Friday. The stock has a 50 day moving average price of GBX 281.44 and a 200-day moving average price of GBX 255.96. Quarto Group has a 1-year low of GBX 195.00 and a 1-year high of GBX 287.50. The company’s market cap is GBX 55.37 million.
The business also recently announced a dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Thursday, September 22nd will be issued a GBX 0.05 ($0.00) dividend. The ex-dividend date is Thursday, September 22nd. This represents a dividend yield of 1.38%.
In other news, insider Leaver,Marcus sold 313,333 shares of the stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of GBX 250 ($3.09), for a total value of £783,332.50 ($969,470.92). Also, insider Connole,Michael bought 5,383 shares of the company’s stock in a transaction dated Monday, September 5th. The stock was bought at an average cost of GBX 280 ($3.47) per share, with a total value of £15,072.40 ($18,653.96).
About Quarto Group
The Quarto Group, Inc is an illustrated book publishing and distribution company. The Company is involved in the areas of display marketing and print broking. It operates through five businesses: Quarto International Co-editions Group; Quarto Publishing Group USA; Quarto Publishing Group UK; Quarto Hong Kong, and Books & Gifts Direct, Australia & New Zealand.
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