Verbund Ag (OTCMKTS:OEZVY – Get Rating) has received a consensus recommendation of “Hold” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $110.00.
Several equities research analysts recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Verbund in a report on Monday, April 3rd. They set an “equal weight” rating on the stock. Kepler Capital Markets upgraded shares of Verbund from a “reduce” rating to a “hold” rating in a research report on Tuesday, April 25th.
Verbund Stock Performance
Shares of OEZVY stock opened at $16.10 on Tuesday. The company has a fifty day moving average price of $16.74 and a two-hundred day moving average price of $16.86. Verbund has a one year low of $14.76 and a one year high of $23.97.
Verbund Increases Dividend
The business also recently disclosed a dividend, which was paid on Thursday, May 25th. Shareholders of record on Monday, May 8th were given a dividend of $0.1858 per share. This is an increase from Verbund’s previous dividend of $0.15. This represents a yield of 3.28%. The ex-dividend date was Friday, May 5th. Verbund’s payout ratio is presently 330.00%.
VERBUND AG, together with its subsidiaries, generates, trades, and sells electricity to energy exchanges, traders, electric utilities and industrial companies, and households and commercial customers in Austria and internationally. It operates through Hydro, New Renewables, Sales, Grid, and All Other segments.
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