Shares of Tyman PLC (LON:TYMN) have received an average recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 326.25 ($4.26).
A number of research analysts have recently weighed in on the stock. Berenberg Bank cut shares of Tyman to a “hold” rating and dropped their price objective for the stock from GBX 390 ($5.10) to GBX 270 ($3.53) in a research note on Monday, January 28th. Liberum Capital reiterated a “buy” rating on shares of Tyman in a report on Monday, January 14th. Canaccord Genuity reduced their target price on shares of Tyman from GBX 330 ($4.31) to GBX 295 ($3.85) and set a “buy” rating on the stock in a report on Tuesday, January 8th. Finally, Peel Hunt reissued a “buy” rating on shares of Tyman in a research report on Thursday, March 14th.
Tyman stock traded down GBX 0.50 ($0.01) during mid-day trading on Friday, reaching GBX 251.50 ($3.29). The company had a trading volume of 98,491 shares, compared to its average volume of 387,827. Tyman has a 1 year low of GBX 222.50 ($2.91) and a 1 year high of GBX 359.50 ($4.70). The company has a current ratio of 2.38, a quick ratio of 1.35 and a debt-to-equity ratio of 60.15. The stock has a market cap of $486.83 million and a PE ratio of 18.36.
The firm also recently announced a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 18th will be given a GBX 8.25 ($0.11) dividend. This represents a yield of 3.16%. This is an increase from Tyman’s previous dividend of $3.75. The ex-dividend date of this dividend is Thursday, April 18th. Tyman’s payout ratio is currently 0.88%.
In related news, insider Pamela Bingham purchased 3,928 shares of Tyman stock in a transaction on Monday, March 18th. The stock was purchased at an average cost of GBX 253 ($3.31) per share, with a total value of £9,937.84 ($12,985.55).
Tyman plc, together with its subsidiaries, manufactures and supplies engineered components to the door and window industry in North America, Europe, South America, Asia, and Australasia. It operates through three divisions: AmesburyTruth, ERA, and SchlegelGiesse. The AmesburyTruth division manufactures window and door hardware components, extrusions, and sealing systems.
Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks
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