Udg Healthcare (UDG) Stock Price Down 8%

Udg Healthcare PLC (LON:UDG)’s share price traded down 8% during trading on Friday . The company traded as low as GBX 575.50 ($7.52) and last traded at GBX 576.50 ($7.53). 425,920 shares changed hands during trading, a decline of 57% from the average session volume of 981,360 shares. The stock had previously closed at GBX 626.50 ($8.19).

Several equities research analysts have issued reports on UDG shares. Liberum Capital reissued a “buy” rating on shares of Udg Healthcare in a research report on Tuesday, January 8th. Peel Hunt reissued a “buy” rating on shares of Udg Healthcare in a research report on Thursday, December 6th. Jefferies Financial Group cut shares of Udg Healthcare to a “hold” rating and lowered their price objective for the company from GBX 765 ($10.00) to GBX 620 ($8.10) in a research report on Friday. Berenberg Bank reissued a “hold” rating and issued a GBX 750 ($9.80) price objective on shares of Udg Healthcare in a research report on Tuesday, November 27th. Finally, Royal Bank of Canada started coverage on shares of Udg Healthcare in a research report on Wednesday, November 7th. They issued an “outperform” rating and a GBX 800 ($10.45) price objective for the company. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 812.89 ($10.62).

The firm also recently declared a dividend, which will be paid on Monday, February 4th. Stockholders of record on Thursday, January 10th will be issued a $0.12 dividend. The ex-dividend date is Thursday, January 10th. This represents a dividend yield of 1.55%. This is a positive change from Udg Healthcare’s previous dividend of $0.04.

In other news, insider Myles Lee sold 6,000 shares of the business’s stock in a transaction dated Tuesday, November 27th. The shares were sold at an average price of GBX 590 ($7.71), for a total value of £35,400 ($46,256.37).

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About Udg Healthcare (LON:UDG)

UDG Healthcare plc, together with its subsidiaries, provides advisory, communication, commercial, clinical, and packaging services in the Republic of Ireland, the United Kingdom, North America, and internationally. The company operates in two segments, Ashfield and Sharp. The Ashfield segment offers commercialization services for the pharmaceutical and healthcare industry in the areas of advisory, communications, and commercial and clinical services.

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