Eurocell’s (ECEL) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Eurocell (LON:ECEL) in a research note issued to investors on Thursday,Digital Look reports. Berenberg Bank currently has a GBX 240 target price on the stock.

Eurocell Price Performance

Shares of LON ECEL opened at GBX 124.50 on Thursday. The stock’s 50-day moving average is GBX 116.68 and its two-hundred day moving average is GBX 113.94. The company has a debt-to-equity ratio of 102.85, a current ratio of 1.42 and a quick ratio of 0.87. Eurocell has a 1-year low of GBX 99 and a 1-year high of GBX 140.50. The company has a market cap of £122.69 million, a price-to-earnings ratio of 13.24 and a beta of 0.61.

Eurocell (LON:ECEL) last posted its quarterly earnings results on Thursday, September 3rd. The company reported GBX 6.10 earnings per share (EPS) for the quarter. Eurocell had a return on equity of 5.51% and a net margin of 1.35%. Analysts forecast that Eurocell will post 19.470852 EPS for the current fiscal year.

Insider Transactions at Eurocell

In other news, insider Angela Rushforth acquired 2,157 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were bought at an average cost of GBX 121 per share, with a total value of £2,609.97. Also, insider Iraj Amiri acquired 1,835 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was purchased at an average cost of GBX 121 per share, for a total transaction of £2,220.35. Insiders have acquired 62,796 shares of company stock valued at $7,163,223 over the last quarter. Insiders own 4.66% of the company’s stock.

Key Stories Impacting Eurocell

Here are the key news stories impacting Eurocell this week:

• Positive Sentiment: Berenberg reaffirmed its “buy” rating and GBX 240 price target. The target is well above recent trading levels and supports the bullish case for Eurocell (ECEL). Analyst consensus remains “Buy,” with a GBX 210 target. Eurocell Analyst Ratings and Insider Trades
• Positive Sentiment: Repeated purchases by several directors, including the chair, can be interpreted as management confidence in Eurocell’s long-term prospects and may provide near-term support for the shares.
• Neutral Sentiment: First-half organic sales rose 1%, showing modest underlying growth, but the increase was limited and does not yet indicate a strong recovery in demand. Eurocell Reports Pretax Loss in H1
• Negative Sentiment: Eurocell reported a pretax loss for the first half, highlighting continued pressure on profitability. Its reported quarterly EPS was GBX 6.10, while the company’s net margin was only 2.38%, limiting the strength of the earnings signal.
• Negative Sentiment: Commentary that Eurocell is “scaling back its ambitions” points to a more cautious growth outlook and could weigh on expectations for future earnings. Eurocell Scales Back Its Ambitions

Eurocell Company Profile

Eurocell plc engages in manufacture, distribution, and recycling of windows, doors, and roofline polyvinyl chloride (PVC) building products in the United Kingdom and the Republic of Ireland. The company operates through Profiles and Building Plastics segments. It also offers fascia and capping boards, finishing trims, soffit boards, ventilators, and accessories; decking, fencing, and balustrade. In addition, the company provides polycarbonate, roofing insulation and membrane, lightweight roofing and tiles, flashing, flat roofing, dry verge, roof lanterns and glazing, ladders, and access equipment; external and internal cladding; and sealants, adhesives, and cleaners.