Citigroup Inc. downgraded shares of De La Rue plc (LON:DLAR) to a neutral rating in a research note issued to investors on Wednesday morning, ARN reports. The firm currently has GBX 1,000 ($16.23) price target on the stock, down from their previous price target of GBX 1,055 ($17.12).
Citigroup Inc. has also modified their ratings on a number of other stocks in the few days. The firm upgraded shares of AUTOLIV INC from a sell rating to a neutral rating. Also, Citigroup Inc. reiterated its buy rating on shares of MarkWest Energy Partners. They have a $77.00 price target on that stock, down previously from $79.50. Finally, Citigroup Inc. upgraded shares of Mechel from a sell rating to a buy rating.
De La Rue plc (LON:DLAR) opened at 888.00 on Wednesday. De La Rue plc has a 1-year low of GBX 807.50 and a 1-year high of GBX 1053.00. The stock has a 50-day moving average of GBX 877.1 and a 200-day moving average of GBX 954.4. The company’s market cap is £885.7 million.
The company also recently declared a dividend, which is scheduled for Wednesday, January 8th. Stockholders of record on Wednesday, December 4th will be given a dividend of $14.10 per share. This represents a yield of 1.53%. The ex-dividend date of this dividend is Wednesday, December 4th.
Several other analysts have also recently commented on the stock. Analysts at Panmure Gordon upgraded shares of De La Rue plc to a hold rating in a research note to investors on Tuesday. They now have a GBX 786 ($12.76) price target on the stock. Separately, analysts at Investec upgraded shares of De La Rue plc to a buy rating in a research note to investors on Tuesday. They now have a GBX 890 ($14.45) price target on the stock, up previously from GBX 885 ($14.36). Finally, analysts at Numis Securities Ltd downgraded shares of De La Rue plc to a hold rating in a research note to investors on Tuesday, November 5th. They now have a GBX 831 ($13.49) price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of GBX 956 ($15.52).
De La Rue plc is engaged in the design and production of over 150 national currencies and a range of security documents, including passports, driving licenses, authentication labels and tax stamps.
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