Savills (LON:SVS) Stock Passes Below Two Hundred Day Moving Average of $932.85

Posted by AM Reporter Staff on May 26th, 2023

Savills plc (LON:SVS – Get Rating) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 932.85 ($11.60) and traded as low as GBX 910.50 ($11.32). Savills shares last traded at GBX 918.50 ($11.42), with a volume of 94,602 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Numis Securities reissued a “buy” rating and set a GBX 1,375 ($17.10) price objective on shares of Savills in a report on Thursday, March 16th.

Savills Stock Down 0.4 %

The company has a debt-to-equity ratio of 79.39, a current ratio of 1.24 and a quick ratio of 1.22. The firm has a 50 day moving average of GBX 948.49 and a 200-day moving average of GBX 932.85. The stock has a market capitalization of £1.32 billion, a P/E ratio of 1,120.12, a price-to-earnings-growth ratio of 2.09 and a beta of 1.29.

Savills Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, May 22nd. Stockholders of record on Thursday, April 6th were given a dividend of GBX 29 ($0.36) per share. This is a positive change from Savills’s previous dividend of $6.60. This represents a dividend yield of 2.91%. The ex-dividend date was Thursday, April 6th. Savills’s payout ratio is 2,439.02%.

Insider Activity

In related news, insider Simon J. B. Shaw sold 11,758 shares of the stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of GBX 977 ($12.15), for a total transaction of £114,875.66 ($142,880.17). Corporate insiders own 7.14% of the company’s stock.

About Savills

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Savills plc, together with its subsidiaries, provides real estate services in the United Kingdom, Continental Europe, the Asia Pacific, Africa, North America, and the Middle East. The company advises on commercial, residential, rural, and leisure properties; and offers corporate finance advisory, investment management, and a range of property-related financial services.