Numis Securities assumed coverage on shares of Palace Capital (LON:PCA) in a research note issued to investors on Wednesday, June 5th, ThisIsMoney.Co.Uk reports. The brokerage issued a buy rating and a GBX 350 ($4.57) price objective on the stock.
LON:PCA traded down GBX 6 ($0.08) during mid-day trading on Wednesday, reaching GBX 295 ($3.85). The stock had a trading volume of 19,019 shares, compared to its average volume of 27,761. The stock has a market cap of $135.36 million and a P/E ratio of 26.11. Palace Capital has a 1-year low of GBX 268 ($3.50) and a 1-year high of GBX 364 ($4.76). The business has a 50 day simple moving average of GBX 286.66. The company has a quick ratio of 1.77, a current ratio of 3.45 and a debt-to-equity ratio of 66.78.
Palace Capital (LON:PCA) last posted its quarterly earnings results on Tuesday, June 4th. The company reported GBX 17.30 ($0.23) EPS for the quarter, topping the Zacks’ consensus estimate of GBX 15.90 ($0.21) by GBX 1.40 ($0.02). As a group, analysts predict that Palace Capital will post 1912.8813879 EPS for the current fiscal year.
In other news, insider Anthony C. Dove sold 6,800 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of GBX 269 ($3.51), for a total transaction of £18,292 ($23,901.74).
About Palace Capital
Palace Capital plc is a real estate investment firm specializing in investment in entities operating in the property sector. It seeks to invest in United Kingdom. Palace Capital plc is based in London, the United Kingdom.
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