Pollen Street Group (LON:POLN) Shares Down 1.4% – Time to Sell?

Pollen Street Group Limited (LON:POLN) shares fell 1.4% during mid-day trading on Monday . The company traded as low as GBX 690 ($8.75) and last traded at GBX 690 ($8.75). Approximately 414,061 shares changed hands during trading, an increase of 251% from the average daily volume of 117,836 shares. The stock had previously closed at GBX 700 ($8.87).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 900 ($11.41) price objective on shares of Pollen Street Group in a report on Monday, September 9th.

Pollen Street Group Stock Performance

The stock has a fifty day simple moving average of GBX 697.14 and a 200-day simple moving average of GBX 702.58. The stock has a market cap of £427.80 million, a P/E ratio of 985.71 and a beta of 0.22.

Pollen Street Group Increases Dividend

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

About Pollen Street Group

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