Eurocell plc (LON:ECEL) to Issue Dividend Increase – GBX 3.50 Per Share

Eurocell plc (LON:ECEL) declared a dividend on Wednesday, March 20th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 25th will be paid a dividend of GBX 3.50 ($0.04) per share on Wednesday, May 22nd. This represents a dividend yield of 3.06%. The ex-dividend date of this dividend is Thursday, April 25th. This is an increase from Eurocell’s previous dividend of $2.00. The official announcement can be viewed at this link.

Eurocell Stock Performance

Shares of LON:ECEL opened at GBX 136.22 ($1.68) on Wednesday. The company’s 50 day moving average price is GBX 123.94 and its two-hundred day moving average price is GBX 122.36. Eurocell has a 12-month low of GBX 98.80 ($1.22) and a 12-month high of GBX 139 ($1.72). The firm has a market cap of £149.37 million, a PE ratio of 1,522.22 and a beta of 0.82. The company has a quick ratio of 0.87, a current ratio of 1.70 and a debt-to-equity ratio of 51.27.

Insider Transactions at Eurocell

In other news, insider Alison Littley purchased 1,300 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was bought at an average price of GBX 125 ($1.54) per share, with a total value of £1,625 ($2,007.16). In other news, insider Iraj Amiri purchased 54,892 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of GBX 120 ($1.48) per share, with a total value of £65,870.40 ($81,361.66). Also, insider Alison Littley purchased 1,300 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were purchased at an average cost of GBX 125 ($1.54) per share, with a total value of £1,625 ($2,007.16). 1.96% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and set a GBX 180 ($2.22) target price on shares of Eurocell in a research report on Tuesday, January 23rd.

Eurocell Company Profile

Eurocell plc engages in manufacture, distribution, and recycling of windows, doors, and roofline polyvinyl chloride (PVC) building products in the United Kingdom and the Republic of Ireland. It operates through Profiles and Building Plastics segments. The company offers UPVC windows; PVCU, Vista, bi-fold, French, composite, and aluminium bi-fold doors; garden rooms; tiled roofs, UPVC conservatories, UPVC fascias and soffits, and UPVC interior products; guttering and rainwater pipes; and cavity closers, profile systems, decking and balustrade, composite fencing, vinyl flooring, and lantern roofs.