Citigroup reiterated their neutral rating on shares of Daily Mail and General Trust P L C (LON:DMGT) in a research note issued to investors on Thursday. They currently have a GBX 600 ($8.14) price target on the stock.
A number of other brokerages have also recently issued reports on DMGT. Numis Securities reissued a buy rating and issued a GBX 970 ($13.15) target price on shares of Daily Mail and General Trust P L C in a research report on Monday, October 2nd. Goldman Sachs Group cut shares of Daily Mail and General Trust P L C to a sell rating and cut their price objective for the stock from GBX 601 ($8.15) to GBX 564 ($7.65) in a research report on Tuesday, January 23rd. Deutsche Bank cut 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, Liberum Capital cut shares of Daily Mail and General Trust P L C to a hold rating and cut their price objective for the stock from GBX 785 ($10.65) to GBX 765 ($10.37) in a research report on Thursday, November 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 701.64 ($9.52).
Shares of Daily Mail and General Trust P L C (LON DMGT) opened at GBX 635.50 ($8.62) on Thursday. The stock has a market cap of $2,140.00 and a PE ratio of -1,296.94. Daily Mail and General Trust P L C has a 52-week low of GBX 500 ($6.78) and a 52-week high of GBX 769 ($10.43).
The business also recently announced a dividend, which will be paid on Friday, February 9th. Stockholders of record on Thursday, December 7th will be issued a GBX 15.80 ($0.21) dividend. The ex-dividend date is Thursday, December 7th. This represents a dividend yield of 2.81%. This is a boost from Daily Mail and General Trust P L C’s previous dividend of $6.90.
In other news, insider Kevin Beatty sold 61,339 shares of the stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of GBX 603 ($8.18), for a total value of £369,874.17 ($501,592.31). Also, insider Kevin A. H. Parry bought 8,891 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was bought at an average cost of GBX 556 ($7.54) per share, with a total value of £49,433.96 ($67,038.19). Insiders bought 8,956 shares of company stock valued at $4,983,829 in the last three months.
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About Daily Mail and General Trust P L C
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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