Abcam Plc (ABC) Receives Average Rating of “Hold” from Analysts
Shares of Abcam Plc (LON:ABC) have been given an average recommendation of “Hold” by the six ratings firms that are currently covering the firm. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 694.50 ($8.68).
Several equities analysts have issued reports on the stock. Numis Securities Ltd reissued an “add” rating and issued a GBX 850 ($10.62) price objective on shares of Abcam Plc in a research note on Wednesday, August 3rd. Panmure Gordon reaffirmed a “sell” rating and set a GBX 640 ($8.00) price target on shares of Abcam Plc in a research note on Wednesday, November 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 581 ($7.26) price target on shares of Abcam Plc in a research note on Tuesday, July 26th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Abcam Plc in a research note on Monday, July 25th.
Abcam Plc (LON:ABC) traded down 0.64% during trading on Monday, hitting GBX 847.50. 334,948 shares of the stock traded hands. The stock’s market cap is GBX 1.71 billion. The company’s 50 day moving average price is GBX 866.60 and its 200-day moving average price is GBX 752.72. Abcam Plc has a 52-week low of GBX 547.00 and a 52-week high of GBX 905.50.
The firm also recently disclosed a dividend, which will be paid on Friday, December 2nd. Investors of record on Thursday, November 10th will be given a GBX 6.56 ($0.08) dividend. The ex-dividend date is Thursday, November 10th. This is a positive change from Abcam Plc’s previous dividend of $2.35. This represents a dividend yield of 0.83%.
In other Abcam Plc news, insider Milner,Jonathan Simon sold 20,361 shares of the company’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of GBX 820 ($10.24), for a total value of £166,960.20 ($208,595.95). Also, insider Ross,Michael bought 954 shares of Abcam Plc stock in a transaction on Wednesday, September 14th. The stock was purchased at an average price of GBX 800 ($10.00) per share, for a total transaction of £7,632 ($9,535.23).
About Abcam Plc
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