Lavendon Group plc (LVD) Given “Buy” Rating at Peel Hunt

Lavendon Group plc (LON:LVD)‘s stock had its “buy” rating restated by stock analysts at Peel Hunt in a research report issued to clients and investors on Monday. They currently have a GBX 275 ($3.59) price target on the stock. Peel Hunt’s price objective would indicate a potential upside of 104.84% from the company’s previous close.

Several other research analysts have also issued reports on LVD. Canaccord Genuity lowered their target price on Lavendon Group plc from GBX 229 ($2.99) to GBX 165 ($2.15) and set a “buy” rating for the company in a research report on Friday, July 15th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 230 ($3.00) target price on shares of Lavendon Group plc in a research report on Thursday, September 1st. Five investment analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus price target of GBX 226.50 ($2.96).

Analyst Recommendations for Lavendon Group plc (LON:LVD)

Shares of Lavendon Group plc (LON:LVD) opened at 132.50 on Monday. The company’s market capitalization is GBX 224.96 million. Lavendon Group plc has a one year low of GBX 102.31 and a one year high of GBX 184.55. The stock has a 50 day moving average price of GBX 131.26 and a 200-day moving average price of GBX 128.54.

The firm also recently declared a dividend, which was paid on Friday, October 7th. Shareholders of record on Thursday, September 8th were issued a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend was Thursday, September 8th. This represents a yield of 1.47%.

Lavendon Group plc Company Profile

Lavendon Group plc is a United Kingdom-based company engaged in the rental of powered access equipment. The Company’s segments are the UK, the Middle East, Germany, France, Belgium and Corporate. The Company’s business includes Nationwide Platforms, Rapid, Gardemann, Lavendon France and dk rental. Nationwide Platforms is a powered access provider with a fleet of over 10,350 machines operating from a network of over 30 depots.

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