Stock Price of BlackRock Greater Europe (LSE:BRGE) Falls by 1.1%

November 28, 2024 07:03 PM AEDT | By Team Kalkine Media

Google News:

Stock Price of BlackRock Greater Europe (LSE:BRGE) Falls by 1.1% — Image source: Shutterstock

Recent News

Secure Code Warrior Unveils Industry-First AI Coding Rulesets to Guide...

Avata Biosciences Signs Co-Development and Licensing Agreement with Oc...

Charting Quantum Frontiers: The Fourth Guiding Principle of IYQ 2025

Foundation Helps Rural Oregon Nonprofit Build a Proper Track for Schoo...

Highlights:

BlackRock Greater Europe shares decline by 1.1%, trading at GBX 540.

The company announces a dividend increase, with a payout of GBX 5.25 per share.

Insider purchase reported, with Sapna Shah acquiring 4,000 shares at GBX 599 each.

Shares of BlackRock Greater Europe (LSE:BRGE) experienced a decline of 1.1% during Wednesday’s trading session. The stock traded as low as GBX 535 and closed at GBX 540, slightly above its lowest point for the day. A total of 284,559 shares changed hands, reflecting a significant increase in volume compared to the average of 143,608 shares traded per session. This decrease in share price follows the stock's previous close of GBX 546.

The company’s stock currently has a fifty-day moving average price of GBX 566.25 and a 200-day moving average of GBX 594.75. With a market capitalization of £534.01 million, BlackRock Greater Europe has a price-to-earnings (P/E) ratio of 469.57 and a beta of 1.01, indicating a relatively higher level of market volatility. The company’s current ratio stands at 0.16, while its quick ratio is 2.71, highlighting its liquidity position. The debt-to-equity ratio is notably high at 8.38, which suggests a higher level of financial leverage.

In addition to the stock’s performance, the company recently announced an increase in its dividend payout. Shareholders of record on November 21 will receive a dividend of GBX 5.25 per share, payable on December 20. This represents a yield of 0.95%, a positive change from the company’s previous dividend of GBX 1.75. However, BlackRock Greater Europe's payout ratio stands at an elevated 608.70%, which could indicate that the company is distributing a significant portion of its earnings to shareholders.

In related news, insider Sapna Shah purchased 4,000 shares in the company on September 2 at an average price of GBX 599 per share, a total value of £23,960. This insider transaction highlights confidence in the company’s performance, with insiders owning 3.42% of the stock.

BlackRock Greater Europe is a closed-ended equity mutual fund managed by BlackRock Investment Management (UK) Limited. The fund invests in European public equity markets, excluding the UK, with a focus on diversified sectors.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.