Charles Stanley Group (LON:CAY) Given “Hold” Rating at Canaccord Genuity

Canaccord Genuity reiterated their hold rating on shares of Charles Stanley Group (LON:CAY) in a research note released on Wednesday morning, Digital Look reports. Canaccord Genuity currently has a GBX 295 ($3.85) target price on the stock.

Separately, Peel Hunt dropped their price target on shares of Biffa from GBX 264 ($3.45) to GBX 252 ($3.29) and set a buy rating for the company in a research note on Wednesday.

Shares of CAY stock traded down GBX 2 ($0.03) during trading hours on Wednesday, hitting GBX 281 ($3.67). 4,005 shares of the company’s stock traded hands, compared to its average volume of 8,481. The firm has a 50 day moving average price of GBX 295.84. The stock has a market cap of $141.99 million and a PE ratio of 16.15. Charles Stanley Group has a 12 month low of GBX 240 ($3.14) and a 12 month high of GBX 388 ($5.07).

The firm also recently declared a dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Thursday, June 13th will be paid a dividend of GBX 6 ($0.08) per share. The ex-dividend date is Thursday, June 13th. This represents a dividend yield of 1.93%. This is an increase from Charles Stanley Group’s previous dividend of $2.75. Charles Stanley Group’s dividend payout ratio (DPR) is presently 0.52%.

About Charles Stanley Group

Charles Stanley Group PLC provides wealth management services in the United Kingdom. The company operates through four divisions: Investment Management Services, Asset Management, Financial Planning, and Charles Stanley Direct. The Investment Management Services division offers discretionary, advisory, cash management, and execution-only services to private clients, trusts, charities, and companies.

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