|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||13.59 - 13.82|
|52 Week Range||7.52 - 13.89|
|Beta (5Y Monthly)||1.15|
|PE Ratio (TTM)||42.85|
|Forward Dividend & Yield||0.07 (0.53%)|
|Ex-Dividend Date||Aug 21, 2020|
|1y Target Est||N/A|
Moody's Investors Service, ("Moody's") has today assigned an A1 senior unsecured rating to Groupe Bruxelles Lambert (GBL). Concurrently the agency has assigned A1 ratings to E500 million of senior unsecured bonds maturing in 2024 and E500 million of senior unsecured bonds maturing in 2025. The A1 instrument ratings assigned to the two E500 million senior unsecured bonds maturing respectively in 2024 and 2025 reflect the unconditional, unsubordinated and unsecured nature of these obligations.
Moody's Investors Service ("Moody's") has today assigned a long term issuer rating of A1 to Groupe Bruxelles Lambert (GBL). Groupe Bruxelles Lambert's (GBL) A1 long term issuer rating reflects the company's active, successful and prudent investment strategy as well as its very conservative financial policy as exemplified by the maintenance of a very low market value leverage of below 10% maintained over more than 15 years and through different market cycles.
The maker of catalytic converters and battery materials for carmakers said its adjusted earnings before interest and taxes (EBIT) rose to 243 million euros ($289.1 million) from 240 million, topping the 224 million expected by analysts in a company-provided poll. "Despite the brutal effects on society and industry of the COVID-19 pandemic, Umicore showed great resilience and turned in a solid performance in the first half of 2020," CEO Marc Grynberg said. Umicore, which is active in the energy, automotive and recycling sectors, said its recycling business benefited from increased activity levels, high metal prices, and favourable trading conditions.