Pollen Street Group (LON:POLN) Stock Price Down 1.4% – Here’s Why

Pollen Street Group Limited (LON:POLN)’s share price was down 1.4% during mid-day trading on Monday . The stock traded as low as GBX 690 ($8.75) and last traded at GBX 690 ($8.75). Approximately 414,061 shares changed hands during mid-day trading, an increase of 251% from the average daily volume of 117,836 shares. The stock had previously closed at GBX 700 ($8.87).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 900 ($11.41) target price on shares of Pollen Street Group in a research note on Monday, September 9th.

Pollen Street Group Stock Down 1.4 %

The firm’s fifty day simple moving average is GBX 697.14 and its two-hundred day simple moving average is GBX 702.58. The firm has a market cap of £427.80 million, a PE ratio of 985.71 and a beta of 0.22.

Pollen Street Group Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, September 12th were issued a dividend of GBX 26.50 ($0.34) per share. This represents a dividend yield of 3.79%. The ex-dividend date was Thursday, September 12th. This is an increase from Pollen Street Group’s previous dividend of $13.00. Pollen Street Group’s dividend payout ratio is 8,000.00%.

About Pollen Street Group

Pollen Street PLC was founded in 2015 and is headquartered in London, Greater London, United Kingdom.