Quarto Group Inc (LON:QRT) was upgraded by equities researchers at Peel Hunt to a “buy” rating in a report released on Friday. The brokerage currently has a GBX 375 ($4.57) target price on the stock, up from their previous target price of GBX 300 ($3.66). Peel Hunt’s price target suggests a potential upside of 28.64% from the company’s current price.
Separately, Northland Securities reissued a “corporate” rating on shares of Quarto Group in a report on Tuesday, August 9th.
Shares of Quarto Group (LON:QRT) opened at 297.00 on Friday. The firm’s 50-day moving average price is GBX 282.13 and its 200-day moving average price is GBX 256.40. Quarto Group has a one year low of GBX 195.00 and a one year high of GBX 297.00. The firm’s market capitalization is GBX 58.50 million.
The company also recently declared a dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Thursday, September 22nd will be issued a GBX 0.05 ($0.00) dividend. This represents a yield of 1.38%. The ex-dividend date is Thursday, September 22nd.
In other Quarto Group news, insider Leaver,Marcus sold 313,333 shares of the firm’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of GBX 250 ($3.05), for a total value of £783,332.50 ($954,701.40). Also, insider Connole,Michael purchased 5,383 shares of the business’s stock in a transaction on Monday, September 5th. The stock was purchased at an average cost of GBX 280 ($3.41) per share, with a total value of £15,072.40 ($18,369.77).
About Quarto Group
The Quarto Group, Inc is an illustrated book publishing and distribution company. The Company is involved in the areas of display marketing and print broking. It operates through five businesses: Quarto International Co-editions Group; Quarto Publishing Group USA; Quarto Publishing Group UK; Quarto Hong Kong, and Books & Gifts Direct, Australia & New Zealand.
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