Pollen Street Group (LON:POLN) Stock Price Up 0.9% – Here’s Why

Pollen Street Group Limited (LON:POLN) was up 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 mid-day trading, a decline of 32% from the average daily volume of 120,447 shares. The stock had previously closed at GBX 694 ($9.01).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and set 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 firm has a market capitalization of £434 million, a P/E ratio of 1,002.86 and a beta of 0.22. The firm has a 50 day moving average of GBX 700.57 and a 200-day moving average of GBX 700.71.

Pollen Street Group Increases Dividend

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

About Pollen Street Group

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