Eurocell (LON:ECEL) Shares Cross Below 50-Day Moving Average - Here's What Happened

Key Points

• Eurocell's shares have fallen below their 50-day moving average of GBX 138.73, trading as low as GBX 125, indicating a downturn in its stock performance.
• Berenberg Bank has reduced its target price for Eurocell from GBX 300 to GBX 270 while maintaining a "buy" rating, reflecting moderate optimism in the stock's future.
• Insider purchases have occurred recently, with insiders acquiring 9,708 shares, indicating confidence in the company's prospects amid its current stock volatility.

Eurocell plc (LON:ECEL - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 138.73 ($1.86) and traded as low as GBX 125 ($1.68). Eurocell shares last traded at GBX 127 ($1.70), with a volume of 126,474 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reduced their target price on Eurocell from GBX 300 to GBX 270 and set a "buy" rating for the company in a research note on Thursday, September 4th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of GBX 270.

Eurocell Stock Performance

The company has a current ratio of 1.58, a quick ratio of 0.87 and a debt-to-equity ratio of 58.43. The company has a 50-day moving average of GBX 138.73 and a 200-day moving average of GBX 148.38. The firm has a market capitalization of £126.67 million, a price-to-earnings ratio of 1,728.56 and a beta of 0.84.

Eurocell (LON:ECEL - Get Free Report) last issued its earnings results on Thursday, September 4th. The company reported GBX 6 earnings per share for the quarter. Eurocell had a return on equity of 11.31% and a net margin of 3.51%. On average, equities research analysts forecast that Eurocell plc will post 19.470852 earnings per share for the current fiscal year.

Insider Transactions at Eurocell

In related news, insider Derek Mapp bought 3,643 shares of the company's stock in a transaction on Monday, August 4th. The shares were purchased at an average cost of GBX 149 per share, with a total value of £5,428.07. Also, insider Will Truman purchased 1,775 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was acquired at an average cost of GBX 149 per share, with a total value of £2,644.75. Insiders acquired 9,708 shares of company stock valued at $1,446,492 over the last three months. 4.36% of the stock is currently owned by company insiders.

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.

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