Quarto Group Inc (QRT) Upgraded to “Buy” at Peel Hunt
Peel Hunt upgraded shares of Quarto Group Inc (LON:QRT) to a buy rating in a research note issued to investors on Friday morning. The brokerage currently has GBX 375 ($4.64) target price on the stock, up from their previous target price of GBX 300 ($3.71).
Separately, Northland Securities reissued a corporate rating on shares of Quarto Group in a report on Tuesday, August 9th.
Quarto Group (LON:QRT) traded up 3.29% during trading on Friday, reaching GBX 295.92. The company’s stock had a trading volume of 8,575 shares. Quarto Group has a 52-week low of GBX 195.00 and a 52-week high of GBX 297.00. The firm has a 50 day moving average price of GBX 281.58 and a 200-day moving average price of GBX 256.33. The stock’s market cap is GBX 58.28 million.
The firm also recently declared a dividend, which will be paid on Wednesday, October 26th. Stockholders of record on Thursday, September 22nd will be issued a dividend of GBX 0.05 ($0.00) per share. The ex-dividend date of this dividend is Thursday, September 22nd. This represents a dividend yield of 1.38%.
In other news, insider Connole,Michael acquired 5,383 shares of Quarto Group stock in a transaction that occurred on Monday, September 5th. The shares were acquired at an average price of GBX 280 ($3.47) per share, for a total transaction of £15,072.40 ($18,653.96). Also, insider Leaver,Marcus acquired 5,494 shares of Quarto Group stock in a transaction that occurred on Thursday, August 18th. The shares were purchased at an average price of GBX 275 ($3.40) per share, for a total transaction of £15,108.50 ($18,698.64).
About Quarto Group
The Quarto Group, Inc is an illustrated book publishing and distribution company. The Company is involved in the areas of display marketing and print broking. It operates through five businesses: Quarto International Co-editions Group; Quarto Publishing Group USA; Quarto Publishing Group UK; Quarto Hong Kong, and Books & Gifts Direct, Australia & New Zealand.
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