CareTech’s (CTH) Buy Rating Reiterated at Liberum Capital

Liberum Capital reiterated their buy rating on shares of CareTech (LON:CTH) in a research report released on Thursday, June 20th, Digital Look reports. They currently have a GBX 525 ($6.86) price objective on the stock.

Shares of CTH traded up GBX 4 ($0.05) on Thursday, hitting GBX 374 ($4.89). The company’s stock had a trading volume of 10,019 shares, compared to its average volume of 57,192. The company has a quick ratio of 0.77, a current ratio of 0.78 and a debt-to-equity ratio of 97.38. The business has a fifty day moving average of GBX 371.92. CareTech has a fifty-two week low of GBX 310 ($4.05) and a fifty-two week high of GBX 410 ($5.36). The stock has a market capitalization of $407.87 million and a price-to-earnings ratio of 33.39.

The firm also recently declared a dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, October 24th will be paid a GBX 3.75 ($0.05) dividend. This represents a yield of 0.99%. The ex-dividend date is Thursday, October 24th. CareTech’s dividend payout ratio (DPR) is presently 0.98%.

About CareTech

CareTech Holdings PLC and its subsidiaries provide social care and support services for children, young people, and adults in the United Kingdom. The company operates through two segments, Adult Services and Children Services. The Adult services segment provides individual tailor made solutions for people living in their own homes, residential care, or independent supported living schemes.

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