Canaccord Genuity Group Cuts Duke Capital (LON:DUKE) Price Target to GBX 46

Duke Capital (LON:DUKE) had its target price lowered by Canaccord Genuity Group from GBX 52 ($0.65) to GBX 46 ($0.58) in a research note published on Monday morning, Marketbeat.com reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Canaccord Genuity Group dropped their price objective on Duke Capital from GBX 52 ($0.65) to GBX 46 ($0.58) and set a “buy” rating for the company in a report on Monday.

Duke Capital Stock Performance

Shares of DUKE opened at GBX 30 ($0.38) on Monday. The stock’s fifty day simple moving average is GBX 30.37 and its 200-day simple moving average is GBX 31.85. The firm has a market capitalization of £125.02 million, a PE ratio of 1,000.00 and a beta of 1.37. Duke Capital has a 12-month low of GBX 26.95 ($0.34) and a 12-month high of GBX 35 ($0.44). The company has a quick ratio of 15.36, a current ratio of 29.50 and a debt-to-equity ratio of 42.60.

Duke Capital Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 24th will be given a dividend of GBX 0.70 ($0.01) per share. This represents a dividend yield of 2.33%. The ex-dividend date is Tuesday, December 24th. Duke Capital’s payout ratio is 10,000.00%.

Duke Capital Company Profile

Duke Royalty Limited is a principal investment firm specializing in royalty financing. The firm It does not invest in start-ups or tight margin business models. It focuses on intellectual property assets and stable, cash flowing businesses with positive EBITDA, no debt or low levels of debt, and management desire to continue with the business.