Berenberg Bank Issues Pessimistic Forecast for Helical (LON:HLCL) Stock Price

Helical (LON:HLCL) had its target price trimmed by Berenberg Bank from GBX 278 ($3.55) to GBX 270 ($3.45) in a research report released on Tuesday morning,London Stock Exchange reports. The firm currently has a buy rating on the stock.

Helical Price Performance

Shares of LON HLCL opened at GBX 188.05 ($2.40) on Tuesday. The firm’s 50-day moving average price is GBX 201.02 and its 200-day moving average price is GBX 217.67. Helical has a 1-year low of GBX 181 ($2.31) and a 1-year high of GBX 259 ($3.31). The firm has a market capitalization of £230.77 million, a P/E ratio of -121.32, a P/E/G ratio of 0.43 and a beta of 0.72. The company has a current ratio of 3.44, a quick ratio of 2.59 and a debt-to-equity ratio of 57.82.

Helical Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Thursday, December 5th will be issued a dividend of GBX 1.50 ($0.02) per share. The ex-dividend date is Thursday, December 5th. This represents a dividend yield of 0.82%. Helical’s dividend payout ratio is currently -322.58%.

About Helical

Helical plc engages in the development, investment, and rental of real estate properties in the United Kingdom. It operates through two segments: Investment and Development. The company’s property portfolio includes multi-let offices, office refurbishments and developments, restaurant, retail, residential, and warehouse spaces.