Peel Hunt Reaffirms Buy Rating for Euromoney Institutional Investor (LON:ERM)

Peel Hunt reiterated their buy rating on shares of Euromoney Institutional Investor (LON:ERM) in a research note published on Monday morning, ThisIsMoney.Co.Uk reports.

Several other brokerages have also recently issued reports on ERM. Berenberg Bank reduced their price target on shares of Euromoney Institutional Investor from GBX 1,400 ($18.42) to GBX 1,200 ($15.79) and set a hold rating on the stock in a research report on Monday, January 13th. UBS Group reiterated a neutral rating and set a GBX 1,335 ($17.56) price target (down previously from GBX 1,375 ($18.09)) on shares of Euromoney Institutional Investor in a research report on Monday, November 25th.

Shares of LON ERM opened at GBX 1,321.44 ($17.38) on Monday. Euromoney Institutional Investor has a 1 year low of GBX 1,140 ($15.00) and a 1 year high of GBX 1,510 ($19.86). The company’s 50-day moving average is GBX 1,290.60 and its 200 day moving average is GBX 1,347.28. The stock has a market capitalization of $1.44 billion and a P/E ratio of 23.35.

The business also recently declared a dividend, which will be paid on Thursday, February 13th. Investors of record on Thursday, November 28th will be given a dividend of GBX 22.30 ($0.29) per share. The ex-dividend date is Thursday, November 28th. This represents a dividend yield of 1.82%. This is a boost from Euromoney Institutional Investor’s previous dividend of $10.80. Euromoney Institutional Investor’s payout ratio is currently 0.58%.

About Euromoney Institutional Investor

Euromoney Institutional Investor PLC, together with its subsidiaries, operates as a business-to-business information company in the United Kingdom, North America, and internationally. It operates through four segments: Asset Management; Pricing, Data and Market Intelligence; Banking and Finance; and Commodity Events.

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