FinnCap Reiterates Buy Rating for Alumasc Group plc (LON:ALU)
Alumasc Group plc (LON:ALU)‘s stock had its “buy” rating reissued by investment analysts at FinnCap in a research note issued to investors on Tuesday, June 27th. They currently have a GBX 225 ($2.94) target price on the stock. FinnCap’s price target would indicate a potential upside of 33.53% from the stock’s current price.
Separately, Peel Hunt boosted their price objective on Alumasc Group plc from GBX 210 ($2.74) to GBX 230 ($3.00) and gave the company a “buy” rating in a report on Monday, June 19th.
Shares of Alumasc Group plc (ALU) remained flat at GBX 168.50 on Tuesday. 1,820 shares of the company were exchanged. The company has a 50 day moving average price of GBX 178.91 and a 200 day moving average price of GBX 180.37. The stock’s market cap is GBX 59.95 million. Alumasc Group plc has a 52 week low of GBX 120.50 and a 52 week high of GBX 205.00.
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In related news, insider G Paul Hooper purchased 19,107 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The stock was acquired at an average price of GBX 178 ($2.32) per share, for a total transaction of £34,010.46 ($44,411.67). Also, insider Jonathon Peter Pither purchased 10,300 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were bought at an average price of GBX 187 ($2.44) per share, with a total value of £19,261 ($25,151.48). In the last 90 days, insiders have bought 35,407 shares of company stock valued at $6,443,146.
About Alumasc Group plc
The Alumasc Group plc is a building products, systems and solutions company. The Company’s segments include, Solar Shading & Screening, Roofing & Walling, Water Management, and Housebuilding & Ancillary Products. The Solar Shading & Screening segment offers Levolux’s architectural solutions, which are used to shade and screen buildings.
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