Numis Securities Ltd Increases De La Rue plc (DLAR) Price Target to GBX 659
De La Rue plc (LON:DLAR) had its price objective increased by research analysts at Numis Securities Ltd from GBX 580 ($7.20) to GBX 659 ($8.18) in a report issued on Tuesday. The firm presently has an “add” rating on the stock. Numis Securities Ltd’s price target points to a potential upside of 14.61% from the company’s previous close.
Separately, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 670 ($8.31) target price on shares of De La Rue plc in a research note on Wednesday, November 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 622.25 ($7.72).
De La Rue plc (LON:DLAR) opened at 575.00 on Tuesday. The company’s market capitalization is GBX 583.41 million. The stock has a 50 day moving average of GBX 580.24 and a 200-day moving average of GBX 576.79. De La Rue plc has a 52-week low of GBX 395.50 and a 52-week high of GBX 647.00.
The company also recently declared a dividend, which will be paid on Wednesday, January 11th. Stockholders of record on Thursday, December 8th will be given a GBX 8.30 ($0.10) dividend. This represents a dividend yield of 1.47%. The ex-dividend date of this dividend is Thursday, December 8th.
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In other news, insider Jitesh Himatlal Sodha purchased 2,755 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were bought at an average price of GBX 586 ($7.27) per share, with a total value of £16,144.30 ($20,027.66).
About De La Rue plc
De La Rue plc designs, manufactures and delivers banknotes to customers across the world. The Company’s segments include Currency, Identity Solutions, and Product Authentication and Traceability. The Currency segment provides printed banknotes, banknote paper and polymer substrates and banknote security components.
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