Royal Bank of Canada Reaffirms “Outperform” Rating for Contourglobal (LON:GLO)

Royal Bank of Canada reiterated their outperform rating on shares of Contourglobal (LON:GLO) in a research note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.

GLO stock opened at GBX 177.40 ($2.32) on Thursday. The firm has a market cap of $1.19 billion and a P/E ratio of 88.70. The company has a debt-to-equity ratio of 530.35, a current ratio of 1.54 and a quick ratio of 1.35. Contourglobal has a 52-week low of GBX 142.90 ($1.87) and a 52-week high of GBX 266 ($3.48). The company’s 50-day moving average is GBX 187.43.

In other Contourglobal news, insider Joseph Brandt bought 9,151 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were purchased at an average price of GBX 197 ($2.57) per share, for a total transaction of £18,027.47 ($23,556.08). Insiders have acquired a total of 28,270 shares of company stock valued at $5,612,683 in the last quarter.

Contourglobal Company Profile

ContourGlobal plc, together with its subsidiaries, acquires, owns, develops, and operates wholesale power generation businesses in Europe, Latin America, Africa, and the Caribbean islands. The company operates in Thermal Energy and Renewable Energy segments. It generates electricity from coal, lignite, natural gas, fuel oil, diesel, wind, solar, and hydro power plants with total installed capacity of 1,424 MW in Latin America and 228 MW in Africa.

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