Works co uk (LON:WRKS) Shares Up 2.4%

Works co uk PLC (LON:WRKS)’s share price shot up 2.4% during mid-day trading on Wednesday . The stock traded as high as GBX 86 ($1.12) and last traded at GBX 84.50 ($1.10), 11,349 shares traded hands during trading. The stock had previously closed at GBX 82.50 ($1.08).

Several brokerages recently issued reports on WRKS. Peel Hunt decreased their price target on Works co uk from GBX 135 ($1.76) to GBX 100 ($1.31) and set a “buy” rating for the company in a report on Wednesday, July 3rd. Peel Hunt reiterated a “buy” rating and set a GBX 100 ($1.31) price target (down previously from GBX 135 ($1.76)) on shares of Works co uk in a report on Monday, July 1st.

The stock has a fifty day simple moving average of GBX 73.90. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.45 and a current ratio of 0.98. The company has a market cap of $53.81 million and a price-to-earnings ratio of 45.32.

The business also recently disclosed a dividend, which will be paid on Tuesday, September 24th. Shareholders of record on Thursday, August 29th will be paid a dividend of GBX 2.40 ($0.03) per share. This is a boost from Works co uk’s previous dividend of $1.20. This represents a yield of 3.48%. The ex-dividend date is Thursday, August 29th. Works co uk’s payout ratio is presently 2.63%.

In related news, insider Harry Morley acquired 15,500 shares of Works co uk stock in a transaction on Wednesday, July 3rd. The shares were bought at an average cost of GBX 69 ($0.90) per share, with a total value of £10,695 ($13,974.91).

About Works co uk (LON:WRKS) plc engages in the retail sale of gifts, arts, crafts, toys, books, and stationery products in the United Kingdom and Ireland. The company sells its products through a network of stores, as well as through its online platform. The company was formerly known as Theworks.CoUk Limited and changed its name to plc in July, 2018.

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