Stobart Group (LON:STOB) Receives Buy Rating from Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Stobart Group (LON:STOB) in a research note released on Monday morning, Digital Look reports. They currently have a GBX 174 ($2.27) target price on the stock.

Separately, Canaccord Genuity reissued a buy rating and issued a GBX 350 ($4.57) price objective on shares of Stobart Group in a research report on Wednesday, May 29th.

Shares of STOB opened at GBX 122.20 ($1.60) on Monday. The company has a debt-to-equity ratio of 32.85, a quick ratio of 0.50 and a current ratio of 0.71. Stobart Group has a twelve month low of GBX 98.10 ($1.28) and a twelve month high of GBX 254 ($3.32). The firm has a 50 day moving average of GBX 110.28. The company has a market capitalization of $453.15 million and a price-to-earnings ratio of -7.36.

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Thursday, June 20th will be given a GBX 3 ($0.04) dividend. This represents a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, June 20th. This is a positive change from Stobart Group’s previous dividend of $1.50. Stobart Group’s payout ratio is currently -0.84%.

In other news, insider Nick Dilworth bought 30,999 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were acquired at an average cost of GBX 129 ($1.69) per share, for a total transaction of £39,988.71 ($52,252.33). Also, insider Iain Ferguson bought 50,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average price of GBX 106 ($1.39) per share, for a total transaction of £53,000 ($69,253.89).

About Stobart Group

Stobart Group Limited is engaged in infrastructure and support service businesses operating in the biomass energy, aviation and railway maintenance sectors, as well as has investments in a national property and logistics portfolio. Its segments are Energy, Aviation, Rail, Infrastructure and Investments.

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