Vivo Energy (LON:VVO) had its price target lowered by Morgan Stanley from GBX 155 ($2.03) to GBX 148 ($1.93) in a research note published on Monday, ThisIsMoney.Co.Uk reports. Morgan Stanley currently has an overweight rating on the stock.
Several other brokerages also recently issued reports on VVO. JPMorgan Chase & Co. reaffirmed an overweight rating on shares of Vivo Energy in a research report on Wednesday, May 15th. Credit Suisse Group raised shares of Vivo Energy to an outperform rating and set a GBX 145 ($1.89) price objective for the company in a research report on Friday, August 9th. Finally, Numis Securities reaffirmed a buy rating on shares of Vivo Energy in a research report on Monday, June 3rd.
Shares of LON:VVO opened at GBX 118.20 ($1.54) on Monday. The company has a quick ratio of 0.53, a current ratio of 0.98 and a debt-to-equity ratio of 105.24. Vivo Energy has a 52-week low of GBX 93.71 ($1.22) and a 52-week high of GBX 160.64 ($2.10). The company has a 50 day moving average of GBX 122.82 and a two-hundred day moving average of GBX 126.75. The company has a market capitalization of $1.50 billion and a price-to-earnings ratio of 10.84.
The company also recently disclosed a dividend, which will be paid on Monday, September 23rd. Shareholders of record on Thursday, August 22nd will be given a $0.01 dividend. This represents a yield of 0.76%. The ex-dividend date of this dividend is Thursday, August 22nd. Vivo Energy’s dividend payout ratio (DPR) is 0.18%.
Vivo Energy Company Profile
Vivo Energy plc operates as a retailer and distributor of fuels and lubricants in Africa. It sources, distributes, markets, and supplies various products to retail and commercial customers. The company operates through three segments: Retail, Commercial, and Lubricants. The Retail segment sells petrol and diesel fuels at Shell-branded service stations; operates convenience retail shops, and quick service and fast casual restaurants; and provides other services, including lubricant bays, car washes, and banking services.
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