Produce Investments Ltd (PIL) To Go Ex-Dividend on November 2nd
Produce Investments Ltd (LON:PIL) announced a dividend on Thursday, September 28th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, November 2nd will be paid a dividend of GBX 5.03 ($0.07) per share on Tuesday, December 5th. This represents a dividend yield of 2.75%. The ex-dividend date of this dividend is Thursday, November 2nd. This is an increase from Produce Investments’s previous dividend of $2.44. The official announcement can be viewed at this link.
Shares of Produce Investments (LON:PIL) opened at 188.50 on Wednesday. The stock’s 50 day moving average price is GBX 182.70 and its 200-day moving average price is GBX 183.23. The company’s market cap is GBX 51.11 million. Produce Investments has a 52 week low of GBX 143.00 and a 52 week high of GBX 220.00.
A number of research analysts have recently weighed in on the company. Whitman Howard raised their target price on Produce Investments from GBX 210 ($2.77) to GBX 240 ($3.17) and gave the company a “buy” rating in a report on Thursday, October 5th. Numis Securities Ltd restated a “buy” rating and issued a GBX 286 ($3.77) target price on shares of Produce Investments in a report on Thursday, October 5th. Finally, Shore Capital restated a “buy” rating on shares of Produce Investments in a report on Thursday, September 28th.
In other news, insider Neil Davidson sold 130,400 shares of the firm’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of GBX 192 ($2.53), for a total value of £250,368 ($330,387.97).
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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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