Shore Capital Group Reaffirms House Stock Rating for Portmeirion Group (LON:PMP)

Portmeirion Group (LON:PMP)‘s stock had its “house stock” rating reiterated by equities research analysts at Shore Capital Group in a report released on Tuesday,Digital Look reports. They currently have a GBX 100 price target on the stock. Shore Capital Group’s price objective indicates a potential upside of 108.07% from the company’s current price.

Portmeirion Group Stock Down 2.9%

Shares of PMP opened at GBX 48.06 on Tuesday. The firm has a market capitalization of £24.48 million, a P/E ratio of -1.06, a P/E/G ratio of 0.75 and a beta of 0.45. Portmeirion Group has a 12-month low of GBX 48 and a 12-month high of GBX 138. The company has a current ratio of 1.54, a quick ratio of 0.68 and a debt-to-equity ratio of 59.99. The firm has a fifty day moving average price of GBX 62.44 and a 200-day moving average price of GBX 82.82.

Portmeirion Group (LON:PMP) last posted its quarterly earnings results on Wednesday, May 6th. The company reported GBX (25.30) EPS for the quarter. Portmeirion Group had a negative return on equity of 12.61% and a negative net margin of 6.86%.The company had revenue of GBX 9,106 million during the quarter. Equities research analysts expect that Portmeirion Group will post 52.5900016 earnings per share for the current year.

Insider Buying and Selling at Portmeirion Group

In related news, insider Angela Luge purchased 30,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was purchased at an average price of GBX 50 per share, with a total value of £15,000. Also, insider Jeremy Wilson purchased 40,000 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average price of GBX 50 per share, with a total value of £20,000. In the last quarter, insiders bought 500,000 shares of company stock valued at $25,000,000. 2.87% of the stock is owned by corporate insiders.

Portmeirion Group Company Profile

“Our vision is to be a leading force in the global homeware sector focused on growing our great British brands.”

Based in Stoke-on-Trent, we are the owner, designer, manufacturer and omni-channel retailer of leading homeware brands in global markets. Our much loved brands include Portmeirion, Spode, Royal Worcester, Nambé, Pimpernel and Wax Lyrical. Recognised around the world, our brands have a combined history of over 700 years.

With a consistent track record of growth, our revenue is generated from a variety of different channels, markets, currencies and product categories.