Euromoney Institutional Investor PLC (ERM) Increases Dividend to GBX 21.80 Per Share
Euromoney Institutional Investor PLC (LON:ERM) declared a dividend on Wednesday, November 22nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, November 30th will be given a dividend of GBX 21.80 ($0.29) per share on Thursday, February 15th. This represents a dividend yield of 1.89%. The ex-dividend date is Thursday, November 30th. This is a positive change from Euromoney Institutional Investor’s previous dividend of $8.80. The official announcement can be accessed at this link.
Euromoney Institutional Investor (ERM) traded up GBX 17 ($0.23) during trading hours on Wednesday, hitting GBX 1,175 ($15.74). 13,255 shares of the company’s stock traded hands, compared to its average volume of 86,016. Euromoney Institutional Investor has a fifty-two week low of GBX 969 ($12.98) and a fifty-two week high of GBX 1,216 ($16.28).
ERM has been the subject of several research reports. Peel Hunt restated a “buy” rating and issued a GBX 1,330 ($17.81) price target on shares of Euromoney Institutional Investor in a research note on Monday, September 4th. Citigroup initiated coverage on shares of Euromoney Institutional Investor in a research note on Thursday, September 14th. They issued a “neutral” rating and a GBX 1,105 ($14.80) price target for the company. Numis Securities restated a “buy” rating and issued a GBX 1,450 ($19.42) price target on shares of Euromoney Institutional Investor in a research note on Monday, October 23rd. Finally, Canaccord Genuity dropped their price target on shares of Euromoney Institutional Investor from GBX 1,250 ($16.74) to GBX 1,200 ($16.07) and set a “hold” rating for the company in a research note on Thursday, November 23rd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 1,287 ($17.24).
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Euromoney Institutional Investor Company Profile
Euromoney Institutional Investor PLC is an investment holding company. The Company is a business-to-business media company, which is focused on the asset management, banking and commodities sectors. Its segments include Asset management; Pricing, data and market intelligence; Banking and finance, and Commodity events.
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