Eurocell (LON:ECEL) Hits New 52-Week High - Here's Why

Key Points

• Eurocell shares reached a new 52-week high of GBX 153 before trading at GBX 147, with the stock up significantly from its 50-day and 200-day moving averages.
• Analysts remain bullish: Berenberg reiterated a “Buy” rating with a GBX 240 target, while the consensus rating is “Buy” with an average target of GBX 210.
• Insider activity was mixed, with one insider selling shares but others purchasing 83,829 shares over the last quarter; insiders own 4.73% of the company.

Eurocell plc (LON:ECEL - Get Free Report) reached a new 52-week high during trading on Thursday. The stock traded as high as GBX 153 and last traded at GBX 147, with a volume of 119323 shares changing hands. The stock had previously closed at GBX 148.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a "buy" rating and set a GBX 240 price target on shares of Eurocell in a research note on Thursday, September 3rd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of GBX 210.

Eurocell Stock Down 0.7%

The company has a current ratio of 1.42, a quick ratio of 0.87 and a debt-to-equity ratio of 102.85. The stock has a market capitalization of £145.41 million, a PE ratio of 27.22 and a beta of 0.61. The stock's fifty day simple moving average is GBX 126.40 and its 200-day simple moving average is GBX 115.56.

Eurocell (LON:ECEL - Get Free Report) last announced its earnings results on Thursday, September 3rd. The company reported GBX 6.10 EPS for the quarter. Eurocell had a net margin of 1.35% and a return on equity of 5.51%. As a group, sell-side analysts forecast that Eurocell plc will post 19.470852 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Alison Littley sold 14,121 shares of Eurocell stock in a transaction on Thursday, October 1st. The stock was sold at an average price of GBX 142, for a total transaction of £20,051.82. Also, insider Will Truman purchased 28,076 shares of the company's stock in a transaction dated Friday, September 18th. The shares were acquired at an average price of GBX 132 per share, with a total value of £37,060.32. Over the last quarter, insiders have purchased 83,829 shares of company stock valued at $10,967,493. Corporate insiders own 4.73% 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. In addition, the company provides polycarbonate, roofing insulation and membrane, lightweight roofing and tiles, flashing, flat roofing, dry verge, roof lanterns and glazing, ladders, and access equipment; external and internal cladding; and sealants, adhesives, and cleaners.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.