Contourglobal (LON:GLO) Rating Reiterated by Royal Bank of Canada

Royal Bank of Canada reiterated their outperform rating on shares of Contourglobal (LON:GLO) in a research note published on Thursday morning, ThisIsMoney.Co.Uk reports.

LON GLO opened at GBX 177.40 ($2.32) on Thursday. The firm has a market cap of $1.19 billion and a price-to-earnings ratio of 88.70. Contourglobal has a 1-year low of GBX 142.90 ($1.87) and a 1-year high of GBX 266 ($3.48). The company has a quick ratio of 1.35, a current ratio of 1.54 and a debt-to-equity ratio of 530.35. The company has a 50-day moving average price of GBX 187.43.

The company also recently disclosed a dividend, which was paid on Friday, June 21st. Stockholders of record on Thursday, May 30th were paid a $0.04 dividend. This represents a dividend yield of 1.45%. The ex-dividend date of this dividend was Thursday, May 30th. Contourglobal’s dividend payout ratio is currently 6.50%.

In other news, insider Joseph Brandt acquired 9,151 shares of Contourglobal stock in a transaction dated Monday, June 17th. The shares were acquired at an average cost of GBX 197 ($2.57) per share, with a total value of £18,027.47 ($23,556.08). Insiders bought a total of 28,270 shares of company stock worth $5,612,683 over the last ninety days.

Contourglobal Company Profile

ContourGlobal plc, together with its subsidiaries, acquires, owns, develops, and operates wholesale power generation businesses in Europe, Latin America, Africa, and the Caribbean islands. The company operates in Thermal Energy and Renewable Energy segments. It generates electricity from coal, lignite, natural gas, fuel oil, diesel, wind, solar, and hydro power plants with total installed capacity of 1,424 MW in Latin America and 228 MW in Africa.

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