Trade Report: Today, JPMorgan Chase & Co. Reiterates “Overweight” Rating for De La Rue plc (DLAR)

Today, JPMorgan Chase & Co. Reiterates “Overweight” Rating for De La Rue plc (DLAR)

De La Rue plc (LON:DLAR)‘s stock had its “overweight” rating restated by investment analysts at JPMorgan Chase & Co. in a report issued on Wednesday. They presently have a GBX 670 ($8.37) target price on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 21.71% from the company’s current price.

Shares of De La Rue plc (LON:DLAR) opened at 552.00 on Wednesday. The firm’s market cap is GBX 559.50 million. De La Rue plc has a 1-year low of GBX 395.50 and a 1-year high of GBX 647.00. The firm’s 50-day moving average is GBX 583.78 and its 200-day moving average is GBX 575.03.

The company also recently declared a dividend, which will be paid on Wednesday, January 11th. Shareholders of record on Thursday, December 8th will be given a dividend of GBX 8.30 ($0.10) per share. This represents a yield of 1.47%. The ex-dividend date is Thursday, December 8th.

In other news, insider Jitesh Himatlal Sodha purchased 2,755 shares of De La Rue plc stock in a transaction on Tuesday, November 22nd. The stock was purchased at an average price of GBX 586 ($7.32) per share, with a total value of £16,144.30 ($20,170.29).

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