System1 Group (LON:SYS1) Reaches New 12-Month High Following Dividend Announcement

System1 Group PLC (LON:SYS1)’s stock price reached a new 52-week high on Wednesday following a dividend announcement from the company. The stock traded as high as GBX 669 ($8.46) and last traded at GBX 669 ($8.46), with a volume of 98127 shares. The stock had previously closed at GBX 520 ($6.58).

The newly announced dividend which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 26th will be paid a GBX 5 ($0.06) dividend. The ex-dividend date is Thursday, September 26th. This represents a yield of 0.96%. This is a positive change from System1 Group’s previous dividend of $1.10. System1 Group’s payout ratio is currently 8,000.00%.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upped their price target on System1 Group from GBX 615 ($7.78) to GBX 630 ($7.97) and gave the company a “buy” rating in a research note on Wednesday.

System1 Group Stock Performance

The stock has a 50 day simple moving average of GBX 491.65 and a 200 day simple moving average of GBX 419.29. The company has a current ratio of 2.20, a quick ratio of 1.90 and a debt-to-equity ratio of 9.88. The stock has a market cap of £83.05 million, a P/E ratio of 6,550.00 and a beta of 1.35.

System1 Group Company Profile

System1 Group PLC, together with its subsidiaries, provides marketing and market research consultancy services in the United Kingdom. The company offers a range of tools, such as predictive marketing tool that uses the wisdom of the crowd to identify winning concepts; and ad-testing tool that identifies the emotional impact of advertising.