Premier Asset Management Group (PAM) Price Target Raised to GBX 262 at Numis Securities
Premier Asset Management Group (LON:PAM) had its price objective lifted by Numis Securities from GBX 225 ($3.01) to GBX 262 ($3.50) in a report released on Wednesday morning. They currently have an add rating on the stock.
Separately, Liberum Capital boosted their price objective on shares of Premier Asset Management Group from GBX 249 ($3.33) to GBX 279 ($3.73) and gave the company a buy rating in a research report on Thursday, November 30th.
Shares of Premier Asset Management Group (PAM) traded down GBX 4 ($0.05) during trading on Wednesday, reaching GBX 244 ($3.26). 40,527 shares of the company’s stock were exchanged, compared to its average volume of 51,225. The stock has a market cap of $263.92 and a P/E ratio of 3,050.00. Premier Asset Management Group has a fifty-two week low of GBX 125 ($1.67) and a fifty-two week high of GBX 250 ($3.34).
The firm also recently announced a dividend, which will be paid on Friday, January 5th. Stockholders of record on Thursday, December 7th will be given a GBX 4.25 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, December 7th. This is an increase from Premier Asset Management Group’s previous dividend of $1.25. This represents a dividend yield of 2%.
In other news, insider Michael Patrick O’Shea sold 483,264 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of GBX 210 ($2.81), for a total value of £1,014,854.40 ($1,356,938.63).
Premier Asset Management Group Company Profile
Premier Asset Management Group PLC is a retail asset management group with a focus on delivering investment outcomes for investors through relevant products and active management across its range of investment strategies, which include multi-asset, equity and absolute return funds. The Company offers a range of investment types, including mutual funds, closed-ended investment companies and a portfolio management service.
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