S&U (LON:SUS) Shares Cross Above 200-Day Moving Average – Here’s What Happened

S&U plc (LON:SUS) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,863.61 ($24.34) and traded as high as GBX 1,920 ($25.07). S&U shares last traded at GBX 1,920 ($25.07), with a volume of 8,632 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their price target on S&U from GBX 2,180 ($28.47) to GBX 2,100 ($27.42) and set a “hold” rating on the stock in a research note on Tuesday, August 13th.

S&U Stock Up 1.6 %

The business has a 50-day simple moving average of GBX 1,771.68 and a 200-day simple moving average of GBX 1,863.61. The company has a market cap of £236.93 million, a PE ratio of 918.66 and a beta of 0.55. The company has a quick ratio of 58.00, a current ratio of 54.74 and a debt-to-equity ratio of 96.20.

S&U Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 31st will be paid a GBX 30 ($0.39) dividend. This represents a yield of 1.81%. The ex-dividend date of this dividend is Thursday, October 31st. S&U’s dividend payout ratio is currently 8,612.44%.

S&U Company Profile

S&U plc provides motor, property bridging, and specialist finance in the United Kingdom. The company was incorporated in 1938 and is headquartered in Solihull, the United Kingdom.