Shore Capital Reaffirms Hold Rating for Carr’s Group (LON:CARR)

Shore Capital reaffirmed their hold rating on shares of Carr’s Group (LON:CARR) in a report published on Thursday morning, Marketbeat reports.

Carr’s Group Trading Down 3.7 %

Shares of Carr’s Group stock opened at GBX 120.38 ($1.50) on Thursday. The company’s fifty day simple moving average is GBX 117.76 and its 200-day simple moving average is GBX 115.12. The stock has a market capitalization of £113.57 million, a PE ratio of 2,490.00 and a beta of 0.91. Carr’s Group has a 1-year low of GBX 92 ($1.15) and a 1-year high of GBX 152.03 ($1.89). The company has a debt-to-equity ratio of 23.86, a current ratio of 2.34 and a quick ratio of 1.04.

Carr’s Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Thursday, May 2nd will be paid a dividend of GBX 2.35 ($0.03) per share. This represents a dividend yield of 2.05%. The ex-dividend date is Thursday, May 2nd.

Insider Transactions at Carr’s Group

In other Carr’s Group news, insider David white purchased 14,005 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were acquired at an average price of GBX 120 ($1.49) per share, for a total transaction of £16,806 ($20,921.20). Corporate insiders own 28.61% of the company’s stock.

About Carr’s Group

Carr's Group plc engages in the agriculture and engineering businesses in the United Kingdom and internationally. Its Speciality Agriculture segment manufactures and supplies feed blocks, minerals and boluses containing trace elements, and minerals for livestock under the Crystalyx, Horslyx, SmartLic, Tracesure, and AminoMax brands.