De La Rue (DLAR) Reaches New 12-Month Low at $299.00

De La Rue plc (LON:DLAR) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 299 ($3.91) and last traded at GBX 302 ($3.95), with a volume of 1759466 shares traded. The stock had previously closed at GBX 457.50 ($5.98).

Separately, JPMorgan Chase & Co. downgraded shares of De La Rue to a “neutral” rating and dropped their price target for the stock from GBX 600 ($7.84) to GBX 515 ($6.73) in a research report on Wednesday, May 15th.

The stock has a market cap of $317.74 million and a PE ratio of 3.77.

The business also recently announced a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, July 4th will be given a dividend of GBX 16.70 ($0.22) per share. This represents a dividend yield of 5.53%. The ex-dividend date is Thursday, July 4th. This is an increase from De La Rue’s previous dividend of $8.30. De La Rue’s payout ratio is presently 0.31%.

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About De La Rue (LON:DLAR)

De La Rue plc primarily operates as a commercial producer of currency worldwide. It operates through three segments: Currency, Identity Solutions, and Product Authentication and Traceability. The Currency segment provides printed banknotes, banknote paper and polymer substrates, and banknote security components.

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