Shore Capital Reiterates “Buy” Rating for Conviviality PLC (CVR)

Conviviality PLC (LON:CVR)‘s stock had its “buy” rating reiterated by stock analysts at Shore Capital in a report released on Wednesday.

Shares of Conviviality PLC (LON:CVR) opened at 217.50 on Wednesday. The company has a 50-day moving average price of GBX 219.73 and a 200 day moving average price of GBX 212.32. Conviviality PLC has a one year low of GBX 163.09 and a one year high of GBX 239.00. The company’s market capitalization is GBX 335.57 million.

The firm also recently disclosed a dividend, which will be paid on Friday, October 7th. Stockholders of record on Thursday, September 8th will be given a GBX 7.40 ($0.10) dividend. This is a positive change from Conviviality PLC’s previous dividend of $2.10. This represents a dividend yield of 3.78%. The ex-dividend date is Thursday, September 8th.

In other Conviviality PLC news, insider Laing,Jennifer acquired 11,401 shares of the business’s stock in a transaction dated Tuesday, September 13th. The shares were purchased at an average cost of GBX 219 ($2.86) per share, for a total transaction of £24,968.19 ($32,591.29). Also, insider Hunter,Diana sold 33,333 shares of Conviviality PLC stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of GBX 222 ($2.90), for a total value of £73,999.26 ($96,592.17).

About Conviviality PLC

Conviviality PLC, formerly Conviviality Retail Plc owns the franchised off-license and convenience chain with approximately 611 franchisee-operated stores. The principal activities of the Company and its subsidiaries are wholesale and retail supply of beers, wines, spirits, tobacco, grocery and confectionery.

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