Global Ports (LON:GPH) Rating Reiterated by Shore Capital

Shore Capital reiterated their house stock rating on shares of Global Ports (LON:GPH) in a research report report published on Thursday, June 6th, LSE.Co.UK reports.

GPH has been the topic of several other reports. Barclays lowered their price objective on Global Ports from GBX 590 ($7.71) to GBX 560 ($7.32) and set an overweight rating on the stock in a report on Thursday, March 14th. Berenberg Bank reissued a buy rating and issued a GBX 475 ($6.21) target price on shares of Global Ports in a research note on Friday, March 15th.

Shares of LON:GPH remained flat at $GBX 352.50 ($4.61) during trading on Thursday. The company has a quick ratio of 1.31, a current ratio of 1.45 and a debt-to-equity ratio of 175.66. Global Ports has a 12-month low of GBX 320 ($4.18) and a 12-month high of GBX 590 ($7.71). The stock has a market capitalization of $221.47 million and a PE ratio of 135.58. The stock’s 50-day moving average price is GBX 369.44.

The firm also recently announced a dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, May 30th will be paid a GBX 21.20 ($0.28) dividend. This represents a yield of 5.42%. The ex-dividend date is Thursday, May 30th. Global Ports’s dividend payout ratio (DPR) is 16.54%.

About Global Ports

Global Ports Holding PLC operates ports primarily in Turkey, Montenegro, Malta, Spain, and Italy. It operates cruise ports for cruise liners, ferries, yachts, and mega-yachts. The company also engages in the commercial port operations that specialize in container, bulk, and general cargo handling activities; and storage and marine vehicle trade businesses.

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