Consort Medical (LON:CSRT) Earns “Buy” Rating from Shore Capital

Shore Capital restated their buy rating on shares of Consort Medical (LON:CSRT) in a research note released on Monday, ThisIsMoney.Co.Uk reports.

CSRT has been the subject of a number of other reports. Royal Bank of Canada increased their price target on shares of Lululemon Athletica to $200.00 and gave the stock an outperform rating in a research note on Thursday, June 13th. Numis Securities increased their price target on shares of from GBX 532 ($6.95) to GBX 705 ($9.21) and gave the stock a buy rating in a research note on Thursday, June 6th.

CSRT stock opened at GBX 774 ($10.11) on Monday. Consort Medical has a 1 year low of GBX 700 ($9.15) and a 1 year high of GBX 1,270 ($16.59). The company has a market capitalization of $382.08 million and a P/E ratio of 36.51. The business has a 50-day moving average of GBX 874.64. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 46.56.

The business also recently declared a dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 19th will be paid a GBX 13.80 ($0.18) dividend. This is an increase from Consort Medical’s previous dividend of $7.60. This represents a yield of 1.53%. The ex-dividend date of this dividend is Thursday, September 19th. Consort Medical’s dividend payout ratio is presently 1.32%.

Consort Medical Company Profile

Consort Medical plc operates as a one-stop developer and manufacturer of drugs and premium drug delivery devices. It operates through two divisions, Bespak and Aesica. The company provides various life improving treatments to patients across worldwide through the design, development, and manufacture of medical devices for inhaled, injectable, nasal, and ocular drug delivery, as well as point of care diagnostics products.

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