Daily Mail and General Trust P L C (LON:DMGT) was down 0% on Thursday . The company traded as low as GBX 590.50 ($8.01) and last traded at GBX 594 ($8.06). Approximately 754,320 shares traded hands during trading, a decline of 27% from the average daily volume of 1,040,000 shares. The stock had previously closed at GBX 594 ($8.06).
A number of equities research analysts recently weighed in on DMGT shares. Liberum Capital downgraded shares of Daily Mail and General Trust P L C to a “hold” rating and lowered their price objective for the company from GBX 785 ($10.65) to GBX 765 ($10.37) in a research report on Thursday, November 30th. Citigroup downgraded shares of Daily Mail and General Trust P L C to a “neutral” rating and lowered their price objective for the company from GBX 880 ($11.93) to GBX 600 ($8.14) in a research report on Tuesday, December 5th. Deutsche Bank lowered their price objective on shares of Daily Mail and General Trust P L C from GBX 750 ($10.17) to GBX 635 ($8.61) and set a “hold” rating for the company in a research report on Monday, December 4th. Berenberg Bank initiated coverage on shares of Daily Mail and General Trust P L C in a research report on Friday, November 17th. They set a “buy” rating and a GBX 800 ($10.85) price objective for the company. Finally, Numis Securities decreased their target price on shares of Daily Mail and General Trust P L C from GBX 970 ($13.15) to GBX 905 ($12.27) and set a “buy” rating for the company in a research report on Thursday, November 30th. Three analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Daily Mail and General Trust P L C currently has an average rating of “Hold” and a consensus price target of GBX 741.91 ($10.06).
The stock has a market capitalization of $2,000.00 and a P/E ratio of -1,212.24.
The firm also recently announced a dividend, which will be paid on Friday, February 9th. Investors of record on Thursday, December 7th will be paid a dividend of GBX 15.80 ($0.21) per share. The ex-dividend date is Thursday, December 7th. This is a positive change from Daily Mail and General Trust P L C’s previous dividend of $6.90. This represents a yield of 2.81%.
In related news, insider Kevin Beatty sold 61,339 shares of the stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of GBX 603 ($8.18), for a total transaction of £369,874.17 ($501,592.31). Also, insider Kevin A. H. Parry bought 8,891 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were acquired at an average cost of GBX 556 ($7.54) per share, with a total value of £49,433.96 ($67,038.19). Over the last three months, insiders have purchased 8,956 shares of company stock valued at $4,983,829.
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Daily Mail and General Trust P L C Company Profile
Daily Mail and General Trust plc manages a multinational portfolio of companies that provide a range of businesses and consumers with information, analysis, insight, news and entertainment. The Company’s segments include RMS, dmg information, dmg events, Euromoney and dmg media. The RMS segment produces risk models, software applications and analytical data services used by the global risk and insurance industry to quantify and manage catastrophic risks.
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