Vitec Group plc (LON:VTC)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 1,425 ($18.56) and last traded at GBX 1,405 ($18.30), with a volume of 8715 shares. The stock had previously closed at GBX 1,410 ($18.37).
VTC has been the topic of several recent analyst reports. Berenberg Bank boosted their target price on shares of Vitec Group from GBX 1,420 ($18.50) to GBX 1,500 ($19.54) and gave the company a “buy” rating in a report on Monday. Peel Hunt restated a “buy” rating on shares of Vitec Group in a report on Tuesday, September 18th.
The company also recently announced a dividend, which will be paid on Friday, October 19th. Investors of record on Thursday, September 20th will be issued a GBX 11.50 ($0.15) dividend. The ex-dividend date is Thursday, September 20th. This represents a yield of 0.88%.
The Vitec Group plc designs, manufactures, and distributes products and services that enable end users to capture and share exceptional images for the broadcast, cinematic, pro-video, and photographic applications worldwide. The company operates in three divisions: Imaging Solutions, Production Solutions, and Creative Solutions.
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