Euromoney Institutional Investor (ERM) Sets New 1-Year High at $1,296.00

Euromoney Institutional Investor PLC (LON:ERM) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 1,296 ($17.44) and last traded at GBX 1,285 ($17.29), with a volume of 26524 shares changing hands. The stock had previously closed at GBX 1,285 ($17.29).

A number of brokerages recently issued reports on ERM. Canaccord Genuity decreased their price objective on shares of Euromoney Institutional Investor from GBX 1,250 ($16.82) to GBX 1,200 ($16.15) and set a “hold” rating for the company in a report on Thursday, November 23rd. Numis Securities restated a “buy” rating and set a GBX 1,450 ($19.52) price objective on shares of Euromoney Institutional Investor in a report on Monday, October 23rd. Citigroup reaffirmed a “neutral” rating on shares of Euromoney Institutional Investor in a research note on Tuesday, November 21st. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,330 ($17.90) price target on shares of Euromoney Institutional Investor in a research note on Wednesday, November 22nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Euromoney Institutional Investor presently has an average rating of “Buy” and an average price target of GBX 1,287 ($17.32).

The company also recently announced a dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, November 30th will be issued a dividend of GBX 21.80 ($0.29) per share. This represents a yield of 1.89%. This is an increase from Euromoney Institutional Investor’s previous dividend of $8.80. The ex-dividend date of this dividend is Thursday, November 30th.

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Euromoney Institutional Investor Company Profile

Euromoney Institutional Investor PLC is an investment holding company. The Company is a business-to-business media company, which is focused on the asset management, banking and commodities sectors. Its segments include Asset management; Pricing, data and market intelligence; Banking and finance, and Commodity events.

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