Dialight (DIA) Receives Hold Rating from Peel Hunt

Peel Hunt restated their hold rating on shares of Dialight (LON:DIA) in a report published on Monday. The firm currently has a GBX 565 ($7.66) price target on the stock.

Several other research firms also recently issued reports on DIA. Berenberg Bank decreased their price target on Dialight from GBX 620 ($8.41) to GBX 530 ($7.19) and set a sell rating for the company in a research note on Wednesday, October 25th. N+1 Singer decreased their price target on Dialight from GBX 710 ($9.63) to GBX 630 ($8.54) and set a hold rating for the company in a research note on Friday, December 15th.

Shares of Dialight (LON:DIA) opened at GBX 636.04 ($8.63) on Monday. The stock has a market capitalization of $206.85 and a PE ratio of 4,892.62. Dialight has a 52 week low of GBX 530 ($7.19) and a 52 week high of GBX 1,115 ($15.12).

In other news, insider Martin L. Rapp purchased 12,500 shares of the business’s stock in a transaction on Monday, January 8th. The stock was purchased at an average price of GBX 573 ($7.77) per share, with a total value of £71,625 ($97,131.81). Also, insider Michael Sutsko purchased 3,220 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was purchased at an average cost of GBX 660 ($8.95) per share, with a total value of £21,252 ($28,820.18). In the last 90 days, insiders have purchased 18,304 shares of company stock valued at $10,991,160.

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Dialight Company Profile

Dialight plc is a holding company. The Company manufactures and sells lighting products in the industrial market. It operates through two segments: Lighting, and Signals and Components. Its Lighting segment develops, manufactures and supplies light emitting diode (LED) lighting solutions for hazardous and industrial applications, and includes anti-collision obstruction lighting.

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