Jefferies Financial Group upgraded shares of IRSA Inversiones y Representaciones Sociedad Anónima (NYSE:IRS – Free Report) from a hold rating to a buy rating in a research note published on Wednesday, MarketBeat.com reports. The firm currently has $13.00 price target on the financial services provider’s stock, up from their prior price target of $10.50.
IRSA Inversiones y Representaciones Sociedad Anónima Stock Performance
Shares of IRSA Inversiones y Representaciones Sociedad Anónima stock opened at $10.68 on Wednesday. The business’s fifty day simple moving average is $9.32 and its 200-day simple moving average is $9.30. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.19. The firm has a market cap of $789.15 million, a PE ratio of 16.95 and a beta of 1.39. IRSA Inversiones y Representaciones Sociedad Anónima has a 52 week low of $5.73 and a 52 week high of $11.67.
IRSA Inversiones y Representaciones Sociedad Anónima Cuts Dividend
The firm also recently declared a — dividend, which was paid on Tuesday, June 11th. Stockholders of record on Monday, June 3rd were given a dividend of $0.6303 per share. The ex-dividend date of this dividend was Monday, June 3rd. IRSA Inversiones y Representaciones Sociedad Anónima’s dividend payout ratio is presently 100.00%.
Institutional Trading of IRSA Inversiones y Representaciones Sociedad Anónima
IRSA Inversiones y Representaciones Sociedad Anónima Company Profile
IRSA Inversiones y Representaciones Sociedad Anónima, together with its subsidiaries, engages in the diversified real estate activities in Argentina. It operates through five segments: Shopping Malls, Offices, Hotels, Sales and Developments, and Others. The company is involved in the acquisition, development, and operation of shopping malls, office buildings, and other non-shopping mall properties primarily for rental purposes.
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