Produce Investments Ltd (PIL) Given Buy Rating at Numis Securities Ltd
Numis Securities Ltd reaffirmed their buy rating on shares of Produce Investments Ltd (LON:PIL) in a research report sent to investors on Thursday morning. The firm currently has a GBX 286 ($3.79) target price on the stock.
PIL has been the subject of a number of other research reports. Whitman Howard reissued a buy rating and set a GBX 210 ($2.79) price objective on shares of Produce Investments in a research report on Friday, September 22nd. Shore Capital reissued a buy rating on shares of Produce Investments in a research report on Thursday, September 21st.
Produce Investments (LON:PIL) traded up 0.54% during midday trading on Thursday, hitting GBX 187.00. The company’s stock had a trading volume of 10,000 shares. The company’s 50 day moving average price is GBX 172.82 and its 200 day moving average price is GBX 182.88. Produce Investments has a 12 month low of GBX 143.00 and a 12 month high of GBX 220.00. The firm’s market cap is GBX 50.52 million.
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The firm also recently announced a dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Thursday, November 2nd will be issued a GBX 5.03 ($0.07) dividend. The ex-dividend date of this dividend is Thursday, November 2nd. This is an increase from Produce Investments’s previous dividend of $2.44. This represents a dividend yield of 2.75%.
Produce Investments Company Profile
Produce Investments PLC is engaged in growing, sourcing, packing and marketing potatoes, daffodils bulbs and flowers. The Company operates through three segments: fresh, processing and other. The Fresh segment comprises the sites, staff and assets that grow, source, pack and deliver fresh produce to customers, ranging from large retailers, wholesalers to small private businesses and this segment covers potatoes, daffodils and bulbs.
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