Peel Hunt Reaffirms “Add” Rating for Hansteen (HSTN)

Peel Hunt reissued their add rating on shares of Hansteen (LON:HSTN) in a research report report published on Wednesday morning, ThisIsMoney.Co.Uk reports.

Several other research firms also recently commented on HSTN. Liberum Capital reaffirmed a hold rating on shares of Hansteen in a research note on Tuesday, March 12th. Numis Securities reaffirmed a hold rating and set a GBX 95 ($1.24) price objective on shares of Hansteen in a research note on Monday, March 25th.

Shares of LON HSTN traded up GBX 1.10 ($0.01) during trading hours on Wednesday, reaching GBX 93.60 ($1.22). The stock had a trading volume of 868,037 shares, compared to its average volume of 1,520,000. The stock has a market cap of $397.85 million and a PE ratio of 7.04. The company has a quick ratio of 2.95, a current ratio of 3.63 and a debt-to-equity ratio of 52.97. Hansteen has a fifty-two week low of GBX 85.60 ($1.12) and a fifty-two week high of GBX 112.80 ($1.47).

The business also recently disclosed a dividend, which will be paid on Friday, May 17th. Shareholders of record on Thursday, April 4th will be paid a dividend of GBX 3.80 ($0.05) per share. The ex-dividend date is Thursday, April 4th. This is an increase from Hansteen’s previous dividend of $2.40. This represents a yield of 3.96%. Hansteen’s dividend payout ratio is currently 0.45%.

In other news, insider Ian Richard Watson sold 2,381,967 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of GBX 95 ($1.24), for a total transaction of £2,262,868.65 ($2,956,838.69).

About Hansteen

Hansteen Holdings PLC is a company which was incorporated in the United Kingdom and registered in England and Wales on 27 October 2005. The Company is required to comply with the provisions of the Companies Act 2006. The address of the registered office is 1st Floor, Pegasus House, 37-43 Sackville Street, London W1S 3DL.

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