Information for questions 15, 16 and 17 During the ending 31st December 2014 Titan Plc had earnings of 8,000,000. At 1st January 2014 it had 2,000,000 shares issued; on the 1st April 2014 they issued an additional 500,000 shares at the current market price. Titan Plc has declared a final dividend for 2014 of 4,000,000 and the current market price at 31st December 2014 is 830p. The industry average PE ratio for Titan Plc is 3. Question 16 Calculate the price earnings ratio for Titan Plc and discuss what the price earnings ratio signifies to investors