Tyman (LON:TYMN) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Tyman (LON:TYMN) in a report released on Thursday, Marketbeat reports. Berenberg Bank currently has a GBX 360 ($4.57) price target on the stock.

Tyman Stock Performance

Tyman stock traded down GBX 10.50 ($0.13) during midday trading on Thursday, hitting GBX 286 ($3.63). 100,811 shares of the company’s stock were exchanged, compared to its average volume of 168,429. Tyman has a 12-month low of GBX 214.50 ($2.72) and a 12-month high of GBX 324 ($4.11). The company has a debt-to-equity ratio of 47.44, a quick ratio of 1.16 and a current ratio of 2.49. The stock has a market cap of £561.42 million, a price-to-earnings ratio of 1,513.16, a price-to-earnings-growth ratio of 0.88 and a beta of 1.48. The firm’s 50 day simple moving average is GBX 300.27 and its 200 day simple moving average is GBX 285.71.

Tyman Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Thursday, April 25th will be paid a GBX 9.50 ($0.12) dividend. This represents a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, April 25th. This is a boost from Tyman’s previous dividend of $4.20. Tyman’s dividend payout ratio (DPR) is 7,368.42%.

About Tyman

Tyman plc designs, manufactures, and supplies engineered fenestration components and access solutions to the construction industry. It operates through three divisions: Tyman North America, Tyman UK & Ireland, and Tyman International. The Tyman North America division offers offers single and multipoint locking systems, decorative handle trim sets, and precision rollers; operators, tie bar/locks, and hinges for casement and awning applications; and locks/keepers, integrated tilt latches, rollers, balance systems, seals, and extruded profiles for hung and sliding window applications, as well as various specialty access and safety products, including smoke vents, roof access hatches, floor access doors, and ladder posts.