Lavendon Group plc (LVD) Stock Rating Reaffirmed by Peel Hunt
Lavendon Group plc (LON:LVD)‘s stock had its “buy” rating reiterated by analysts at Peel Hunt in a research report issued to clients and investors on Friday. They presently have a GBX 275 ($3.59) target price on the stock. Peel Hunt’s price target suggests a potential upside of 112.36% from the stock’s previous close.
Several other analysts have also recently commented on the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 230 ($3.00) target price on shares of Lavendon Group plc in a research report on Thursday, September 1st. Canaccord Genuity decreased their target price on Lavendon Group plc from GBX 229 ($2.99) to GBX 165 ($2.15) and set a “buy” rating for the company in a research report on Friday, July 15th. Five investment analysts have rated the stock with a buy rating, Lavendon Group plc has an average rating of “Buy” and an average target price of GBX 226.50 ($2.96).
Lavendon Group plc (LON:LVD) opened at 129.50 on Friday. Lavendon Group plc has a 12-month low of GBX 102.31 and a 12-month high of GBX 184.55. The stock has a 50 day moving average price of GBX 123.72 and a 200-day moving average price of GBX 129.44. The firm’s market cap is GBX 219.86 million.
The company also recently disclosed a dividend, which will be paid on Friday, October 7th. Investors of record on Thursday, September 8th will be issued a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a dividend yield of 1.47%.
Lavendon Group plc Company Profile
Lavendon Group plc is a United Kingdom-based company engaged in the rental of powered access equipment. The Company’s segments are the UK, the Middle East, Germany, France, Belgium and Corporate. The Company’s business includes Nationwide Platforms, Rapid, Gardemann, Lavendon France and dk rental. Nationwide Platforms is a powered access provider with a fleet of over 10,350 machines operating from a network of over 30 depots.
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