Eurocell (LON:ECEL) Reaches New 12-Month High at $179.00

Eurocell plc (LON:ECEL) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 179 ($2.40) and last traded at GBX 176 ($2.36), with a volume of 1608264 shares traded. The stock had previously closed at GBX 168 ($2.25).

Wall Street Analyst Weigh In

Separately, Berenberg Bank increased their target price on shares of Eurocell from GBX 180 ($2.41) to GBX 200 ($2.68) and gave the stock a “buy” rating in a research note on Wednesday, September 4th.

Eurocell Price Performance

The stock’s 50-day moving average price is GBX 152.51 and its 200 day moving average price is GBX 138.91. The company has a quick ratio of 0.87, a current ratio of 1.59 and a debt-to-equity ratio of 58.43. The firm has a market capitalization of £186.82 million, a price-to-earnings ratio of 1,590.91 and a beta of 0.84.

Eurocell Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, October 11th. Shareholders of record on Thursday, September 12th will be issued a GBX 2.20 ($0.03) dividend. This represents a yield of 1.52%. The ex-dividend date of this dividend is Thursday, September 12th. Eurocell’s payout ratio is currently 5,454.55%.

Insider Activity

In other news, insider Iraj Amiri purchased 1,456 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average price of GBX 145 ($1.94) per share, with a total value of £2,111.20 ($2,827.00). Corporate insiders own 2.10% of the company’s stock.

About Eurocell

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. The company operates through Profiles and Building Plastics segments. It also offers fascia and capping boards, finishing trims, soffit boards, ventilators, and accessories; decking, fencing, and balustrade.