Ten Entertainment Group PLC (TEG) Hits New 12-Month High Following Insider Buying Activity
Ten Entertainment Group PLC (LON:TEG) reached a new 52-week high during trading on Monday after an insider bought additional shares in the company. The stock traded as high as GBX 180 ($2.43) and last traded at GBX 176 ($2.37), with a volume of 281 shares. The stock had previously closed at GBX 174 ($2.35).
Specifically, insider Robert Gerard McWilliam bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were purchased at an average price of GBX 175 ($2.36) per share, for a total transaction of £17,500 ($23,594.45).
A number of equities research analysts recently commented on the company. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 215 ($2.90) target price on shares of Ten Entertainment Group PLC in a research report on Wednesday, September 13th. Berenberg Bank assumed coverage on Ten Entertainment Group PLC in a research report on Wednesday, July 19th. They issued a “buy” rating and a GBX 240 ($3.24) target price on the stock.
The stock’s market cap is GBX 114.40 million. The company’s 50 day moving average price is GBX 162.83 and its 200 day moving average price is GBX 164.10.
The business also recently announced a dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, November 23rd will be issued a GBX 3 ($0.04) dividend. This represents a dividend yield of 1.72%. The ex-dividend date is Thursday, November 23rd.
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About Ten Entertainment Group PLC
Ten Entertainment Group plc is a United Kingdom-based ten-pin bowling operating company, which is focused on the family entertainment market, with Sites that are typically located on mixed-use retail/leisure parks. In addition to the core ten-pin bowling offering, the Company has additional entertainment activities.
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