CareTech (LON:CTH) Rating Reiterated by Liberum Capital
Liberum Capital reissued their buy rating on shares of CareTech (LON:CTH) in a report released on Monday morning, Stock Target Advisor reports. They currently have a GBX 575 ($7.56) target price on the stock.
LON:CTH opened at GBX 463 ($6.09) on Monday. The company has a market cap of $517.13 million and a price-to-earnings ratio of 25.30. CareTech has a fifty-two week low of GBX 322 ($4.24) and a fifty-two week high of GBX 469 ($6.17). The company has a debt-to-equity ratio of 95.51, a quick ratio of 0.80 and a current ratio of 0.81. The stock has a fifty day moving average price of GBX 414.76 and a 200-day moving average price of GBX 384.76.
The business also recently declared a dividend, which will be paid on Wednesday, May 6th. Investors of record on Thursday, March 5th will be given a GBX 7.95 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a dividend yield of 1.79%. This is a boost from CareTech’s previous dividend of $3.75. CareTech’s dividend payout ratio (DPR) is presently 0.66%.
CareTech Holdings PLC and its subsidiaries provide social care and support services for children, young people, and adults in the United Kingdom. The company operates through two segments, Adult Services and Children Services. The Adult services segment provides individual tailor made solutions for people living in their own homes, residential care, or independent supported living schemes.
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