Shore Capital Reaffirms “Buy” Rating for DWF Group (LON:DWF)

Shore Capital reaffirmed their buy rating on shares of DWF Group (LON:DWF) in a report published on Wednesday morning, Price reports.

Separately, Liberum Capital boosted their price objective on shares of DWF Group from GBX 90 ($1.18) to GBX 105 ($1.37) and gave the company a hold rating in a research report on Wednesday, May 26th.

DWF traded up GBX 2.50 ($0.03) during trading on Wednesday, hitting GBX 108 ($1.41). The company had a trading volume of 35,165 shares, compared to its average volume of 210,697. The stock has a market capitalization of £351.38 million and a P/E ratio of -41.54. DWF Group has a one year low of GBX 57 ($0.74) and a one year high of GBX 110 ($1.44). The stock has a 50-day moving average of GBX 103.46. The company has a debt-to-equity ratio of 264.67, a current ratio of 1.61 and a quick ratio of 1.46.

The company also recently disclosed a dividend, which will be paid on Friday, October 8th. Stockholders of record on Thursday, September 9th will be paid a dividend of GBX 3 ($0.04) per share. The ex-dividend date is Thursday, September 9th. This is a positive change from DWF Group’s previous dividend of $1.50. This represents a dividend yield of 2.83%. DWF Group’s payout ratio is currently -1.25%.

In related news, insider Seema Bains sold 137,254 shares of the company’s stock in a transaction dated Tuesday, June 1st. The shares were sold at an average price of GBX 107 ($1.40), for a total value of £146,861.78 ($191,875.86).

DWF Group Company Profile

DWF Group plc provides various legal services and complementary connected services in the United Kingdom, the Middle East, Rest of Europe, and internationally. The company operates through four divisions: Commercial Services, Insurance Services, International, and Connected Services. It offers a range of complex legal services and managed services covering areas, such as business restructuring, commercial and competition, tax and private capital, employment, finance, pensions, real estate, debt recovery, asset management, and housing and planning.

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