Pollen Street Group (LON:POLN) Shares Up 0.9% – Still a Buy?

Pollen Street Group Limited (LON:POLN)’s share price rose 0.9% during trading on Wednesday . The company traded as high as GBX 700 ($9.09) and last traded at GBX 700 ($9.09). Approximately 82,074 shares changed hands during trading, a decline of 32% from the average daily volume of 120,447 shares. The stock had previously closed at GBX 694 ($9.01).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 900 ($11.69) target price on shares of Pollen Street Group in a report on Monday, September 9th.

Pollen Street Group Price Performance

The business’s 50 day simple moving average is GBX 700.57 and its two-hundred day simple moving average is GBX 700.71. The stock has a market cap of £434 million, a P/E ratio of 1,002.86 and a beta of 0.22.

Pollen Street Group Increases Dividend

The company also recently announced a dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, September 12th were issued a GBX 26.50 ($0.34) dividend. This represents a yield of 3.79%. The ex-dividend date of this dividend was Thursday, September 12th. This is a boost from Pollen Street Group’s previous dividend of $13.00. Pollen Street Group’s dividend payout ratio is presently 8,000.00%.

Pollen Street Group Company Profile

Pollen Street PLC was founded in 2015 and is headquartered in London, Greater London, United Kingdom.