Joseph Brandt Sells 133,437 Shares of ContourGlobal plc (LON:GLO) Stock

ContourGlobal plc (LON:GLO – Get Rating) insider Joseph Brandt sold 133,437 shares of the firm’s stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of GBX 249 ($3.05), for a total transaction of £332,258.13 ($406,979.58).

Shares of GLO opened at GBX 251 ($3.07) on Friday. The company has a current ratio of 0.93, a quick ratio of 0.50 and a debt-to-equity ratio of 1,152.39. The firm has a market cap of £1.65 billion and a PE ratio of 25.82. The company’s 50 day simple moving average is GBX 224.60 and its 200-day simple moving average is GBX 200.89. ContourGlobal plc has a 12-month low of GBX 171.60 ($2.10) and a 12-month high of GBX 259.17 ($3.17).

The company also recently disclosed a dividend, which was paid on Friday, June 10th. Investors of record on Thursday, May 26th were given a GBX 4.01 ($0.05) dividend. This represents a yield of 2.12%. This is a positive change from ContourGlobal’s previous dividend of $3.39. The ex-dividend date of this dividend was Thursday, May 26th. ContourGlobal’s dividend payout ratio (DPR) is 1.79%.

Separately, Morgan Stanley restated an “equal weight” rating and set a GBX 215 ($2.63) target price on shares of ContourGlobal in a research report on Tuesday, May 3rd.

ContourGlobal Company Profile (Get Rating)

ContourGlobal plc acquires, develops, and operates wholesale power generation businesses. The company generates 1,808 MW of renewable electricity from hydro, solar, wind, and biogas; and 2,509 MW of thermal electricity from gas, coal, and oil. It operates a portfolio of 138 thermal and renewable power plants.

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