Vivo Energy (LON:VVO) Raised to “Outperform” at Credit Suisse Group

Credit Suisse Group upgraded shares of Vivo Energy (LON:VVO) to an outperform rating in a research report released on Friday morning, Digital Look reports. The brokerage currently has GBX 145 ($1.89) target price on the stock.

A number of other analysts have also recently issued reports on VVO. Numis Securities reissued a buy rating on shares of Vivo Energy in a research note on Monday, June 3rd. JPMorgan Chase & Co. reissued an overweight rating on shares of Vivo Energy in a research note on Wednesday, May 15th.

Shares of LON VVO opened at GBX 116 ($1.52) on Friday. The stock has a fifty day moving average price of GBX 123.50. The company has a current ratio of 0.98, a quick ratio of 0.53 and a debt-to-equity ratio of 105.24. The stock has a market capitalization of $1.47 billion and a PE ratio of 10.64. Vivo Energy has a 1 year low of GBX 93.71 ($1.22) and a 1 year high of GBX 160.64 ($2.10).

The company also recently disclosed a dividend, which will be paid on Monday, September 23rd. Stockholders of record on Thursday, August 22nd will be paid a $0.01 dividend. The ex-dividend date is Thursday, August 22nd. This represents a dividend yield of 0.76%. Vivo Energy’s dividend payout ratio (DPR) is presently 0.18%.

In other news, insider Johan Depraetere sold 132,557 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of GBX 115 ($1.50), for a total value of £152,440.55 ($199,190.58).

About Vivo Energy

Vivo Energy plc operates as a retailer and distributor of fuels and lubricants in Africa. It sources, distributes, markets, and supplies various products to retail and commercial customers. The company operates through three segments: Retail, Commercial, and Lubricants. The Retail segment sells petrol and diesel fuels at Shell-branded service stations; operates convenience retail shops, and quick service and fast casual restaurants; and provides other services, including lubricant bays, car washes, and banking services.

Further Reading: What is the Ex-Dividend Date in Investing?

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