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Berenberg Bank Increases Wolters Kluwer (OTCMKTS:WTKWY) Price Target to €103.00

Defense World ·  Sep 27, 2022 02:42

Wolters Kluwer (OTCMKTS:WTKWY – Get Rating) had its price objective boosted by Berenberg Bank from €98.00 ($100.00) to €103.00 ($105.10) in a research note published on Monday morning, The Fly reports.

WTKWY has been the subject of several other research reports. UBS Group assumed coverage on Wolters Kluwer in a report on Wednesday, September 21st. They issued a buy rating for the company. The Goldman Sachs Group upgraded Wolters Kluwer from a neutral rating to a buy rating in a report on Monday, July 4th. Credit Suisse Group upped their price objective on Wolters Kluwer from €110.00 ($112.24) to €115.00 ($117.35) in a report on Thursday, September 8th. Finally, Morgan Stanley upped their price objective on Wolters Kluwer from €115.00 ($117.35) to €120.00 ($122.45) in a report on Wednesday, July 20th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $106.81.

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Wolters Kluwer Stock Performance

Shares of Wolters Kluwer stock opened at $94.33 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.87 and a current ratio of 0.90. The business has a fifty day simple moving average of $103.43 and a 200-day simple moving average of $101.06. Wolters Kluwer has a fifty-two week low of $87.92 and a fifty-two week high of $119.17.

Wolters Kluwer Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, September 29th. Stockholders of record on Wednesday, August 31st will be issued a dividend of $0.5457 per share. This represents a dividend yield of 1.41%. The ex-dividend date is Tuesday, August 30th.

About Wolters Kluwer

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Wolters Kluwer N.V. provides professional information, software solutions, and services in the Netherlands, rest of Europe, the United States, Canada, the Asia Pacific, and internationally. The company operates through four segments: Health; Tax & Accounting; Governance, Risk & Compliance; and Legal & Regulatory.

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