Eurocell (LON:ECEL) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Shares of Eurocell plc (LON:ECEL) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 126.57 and traded as high as GBX 129. Eurocell shares last traded at GBX 129, with a volume of 97,638 shares trading hands.

Wall Street Analysts Forecast Growth

ECEL has been the subject of several analyst reports. Berenberg Bank dropped their price objective on shares of Eurocell from GBX 270 to GBX 240 and set a “buy” rating for the company in a research note on Thursday, January 22nd. Peel Hunt reissued a “buy” rating and set a GBX 180 price target on shares of Eurocell in a research report on Tuesday, November 4th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Eurocell presently has a consensus rating of “Buy” and an average price target of GBX 210.

Eurocell Price Performance

The company has a debt-to-equity ratio of 58.43, a quick ratio of 0.87 and a current ratio of 1.58. The company has a market cap of £125.37 million, a price-to-earnings ratio of 17.33 and a beta of 0.84. The business has a fifty day moving average price of GBX 126.73 and a 200 day moving average price of GBX 132.68.

Insider Transactions at Eurocell

In related news, insider Alison Littley acquired 1,904 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average cost of GBX 129 per share, for a total transaction of £2,456.16. Also, insider Iraj Amiri acquired 1,672 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average cost of GBX 129 per share, with a total value of £2,156.88. In the last three months, insiders have purchased 10,759 shares of company stock valued at $1,387,911. 4.45% of the stock is owned by company insiders.

About Eurocell

Eurocell plc engages in manufacture, distribution, and recycling of windows, doors, and roofline polyvinyl chloride (PVC) building products in the United Kingdom and the Republic of Ireland. The company operates through Profiles and Building Plastics segments. It also offers fascia and capping boards, finishing trims, soffit boards, ventilators, and accessories; decking, fencing, and balustrade. In addition, the company provides polycarbonate, roofing insulation and membrane, lightweight roofing and tiles, flashing, flat roofing, dry verge, roof lanterns and glazing, ladders, and access equipment; external and internal cladding; and sealants, adhesives, and cleaners.