Pollen Street Group (LON:POLN) Shares Down 1.4% – Here’s Why

Shares of Pollen Street Group Limited (LON:POLN) dropped 1.4% during trading on Monday . The company traded as low as GBX 690 ($8.73) and last traded at GBX 690 ($8.73). Approximately 414,061 shares were traded during trading, an increase of 251% from the average daily volume of 117,836 shares. The stock had previously closed at GBX 700 ($8.86).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 900 ($11.39) target price on shares of Pollen Street Group in a research report on Monday, September 9th.

Pollen Street Group Trading Down 0.8 %

The company has a market cap of £434 million, a PE ratio of 1,000.00 and a beta of 0.22. The firm has a 50 day moving average of GBX 697.10 and a two-hundred day moving average of GBX 702.79.

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 paid a GBX 26.50 ($0.34) dividend. This is a boost from Pollen Street Group’s previous dividend of $13.00. This represents a dividend yield of 3.79%. The ex-dividend date of this dividend was Thursday, September 12th. Pollen Street Group’s dividend payout ratio is currently 8,000.00%.

About Pollen Street Group

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