Euromoney Institutional Investor PLC (ERM) Lifted to Buy at Peel Hunt
Euromoney Institutional Investor PLC (LON:ERM) was upgraded by equities research analysts at Peel Hunt to a “buy” rating in a note issued to investors on Thursday. The firm presently has a GBX 1,300 ($16.13) price target on the stock, up from their prior price target of GBX 1,050 ($13.03). Peel Hunt’s price objective suggests a potential upside of 20.59% from the stock’s current price.
A number of other brokerages have also recently weighed in on ERM. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 1,245 ($15.44) price target on shares of Euromoney Institutional Investor PLC in a research report on Tuesday, November 15th. N+1 Singer reaffirmed a “sell” rating and set a GBX 874 ($10.84) price target on shares of Euromoney Institutional Investor PLC in a research report on Thursday, September 29th. Finally, Canaccord Genuity cut shares of Euromoney Institutional Investor PLC to a “hold” rating and upped their price target for the stock from GBX 1,128 ($13.99) to GBX 1,165 ($14.45) in a research report on Monday, October 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Euromoney Institutional Investor PLC has a consensus rating of “Hold” and a consensus price target of GBX 1,117.80 ($13.87).
Shares of Euromoney Institutional Investor PLC (LON:ERM) opened at 1078.00 on Thursday. The stock’s 50 day moving average price is GBX 1,030.22 and its 200-day moving average price is GBX 1,023.27. Euromoney Institutional Investor PLC has a 52-week low of GBX 797.61 and a 52-week high of GBX 1,240.00. The firm’s market cap is GBX 1.36 billion.
The company also recently disclosed a dividend, which will be paid on Thursday, February 9th. Shareholders of record on Thursday, December 1st will be given a GBX 16.40 ($0.20) dividend. This is a boost from Euromoney Institutional Investor PLC’s previous dividend of $7.00. This represents a yield of 1.63%. The ex-dividend date of this dividend is Thursday, December 1st.
COPYRIGHT VIOLATION WARNING: This piece was originally reported by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & international trademark and copyright law. The original version of this piece can be read at https://www.thecerbatgem.com/2016/12/01/euromoney-institutional-investor-plc-erm-lifted-to-buy-at-peel-hunt.html.
Euromoney Institutional Investor PLC Company Profile
Euromoney Institutional Investor PLC is a United Kingdom-based business-to-business media company, which is focused on the international finance, metals and commodities sectors. The Company’s divisions include research and data; financial publishing; business publishing, and conferences, seminars and training.
Receive News & Stock Ratings for Euromoney Institutional Investor PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euromoney Institutional Investor PLC and related stocks with our FREE daily email newsletter.