Eurocell (LON:ECEL) Price Target Lowered to GBX 270 at Berenberg Bank

Key Points

• Berenberg Bank has reduced its price target for Eurocell from GBX 300 to GBX 270, while maintaining a "buy" rating on the stock.
• The current stock price indicates a potential upside of 111.21% based on Berenberg's new target.
• Insiders have shown confidence in the company by acquiring a total of 9,708 shares valued at over $1.4 million in recent transactions.

Eurocell (LON:ECEL - Get Free Report) had its price objective reduced by stock analysts at Berenberg Bank from GBX 300 to GBX 270 in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's target price would indicate a potential upside of 101.49% from the stock's previous close.

Eurocell Trading Up 2.7%

LON:ECEL traded up GBX 3.50 during midday trading on Thursday, hitting GBX 134. The stock had a trading volume of 138,604 shares, compared to its average volume of 180,601. Eurocell has a one year low of GBX 122.50 and a one year high of GBX 191. The company has a market capitalization of £134.76 million, a price-to-earnings ratio of 1,381.44 and a beta of 0.84. The stock has a 50-day moving average of GBX 148.67 and a 200 day moving average of GBX 150.78. The company has a quick ratio of 0.87, a current ratio of 1.58 and a debt-to-equity ratio of 58.43.

Eurocell (LON:ECEL - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The company reported GBX 6 earnings per share (EPS) for the quarter. Eurocell had a return on equity of 11.31% and a net margin of 3.51%. As a group, sell-side analysts forecast that Eurocell will post 19.470852 EPS for the current year.

Insider Activity at Eurocell

In related news, insider Alison Littley bought 1,715 shares of the stock in a transaction on Monday, August 4th. The stock was bought at an average price of GBX 149 per share, for a total transaction of £2,555.35. Also, insider Iraj Amiri bought 1,441 shares of the stock in a transaction on Monday, August 4th. The shares were bought at an average price of GBX 149 per share, with a total value of £2,147.09. Insiders have bought 9,708 shares of company stock valued at $1,446,492 over the last 90 days. Insiders own 4.36% of the company's stock.

About Eurocell

Eurocell plc engages in manufacture, distribution, and recycling of windows, doors, and roofline polyvinyl chloride (PVC) building products in the United Kingdom and the Republic of Ireland. The company operates through Profiles and Building Plastics segments. It also offers fascia and capping boards, finishing trims, soffit boards, ventilators, and accessories; decking, fencing, and balustrade.