Peel Hunt Reiterates “Buy” Rating for Alumasc Group plc (ALU)

Alumasc Group plc (LON:ALU)‘s stock had its “buy” rating restated by equities research analysts at Peel Hunt in a research report issued on Tuesday. They presently have a GBX 210 ($2.56) price objective on the stock. Peel Hunt’s target price indicates a potential upside of 40.94% from the stock’s current price.

Separately, FinnCap reiterated a “buy” rating and issued a GBX 225 ($2.74) target price on shares of Alumasc Group plc in a report on Friday, July 1st.

Alumasc Group plc (LON:ALU) opened at 149.00 on Tuesday. The stock’s market capitalization is GBX 52.91 million. The firm has a 50-day moving average of GBX 161.65 and a 200 day moving average of GBX 150.00. Alumasc Group plc has a 12-month low of GBX 115.00 and a 12-month high of GBX 219.74.

The business also recently disclosed a dividend, which will be paid on Tuesday, November 1st. Stockholders of record on Thursday, October 6th will be issued a GBX 3.80 ($0.05) dividend. This is a positive change from Alumasc Group plc’s previous dividend of $2.70. This represents a dividend yield of 2.2%. The ex-dividend date is Thursday, October 6th.

In other news, insider Magson,Andrew sold 8,793 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of GBX 173 ($2.11), for a total value of £15,211.89 ($18,539.78).

About Alumasc Group plc

The Alumasc Group plc is a premium building products, systems and solutions group. The principal activities of the Company are the design, manufacture and marketing of products for the building and construction industries, and the manufacture of components for a range of industrial markets. Its segments include Energy management, and Water management & House Building products.

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