Shares of Daily Mail and General Trust P L C (LON:DMGT) shot up 0% during trading on Wednesday . The company traded as high as GBX 659 ($9.10) and last traded at GBX 653.50 ($9.03). 513,152 shares traded hands during trading, a decline of 25% from the average session volume of 686,150 shares. The stock had previously closed at GBX 653.50 ($9.03).
A number of brokerages have commented on DMGT. Citigroup restated a “neutral” rating on shares of Daily Mail and General Trust P L C in a research note on Friday, February 2nd. Credit Suisse Group restated a “neutral” rating and set a GBX 640 ($8.84) price target on shares of Daily Mail and General Trust P L C in a research note on Friday, February 2nd. Goldman Sachs Group lowered shares of Daily Mail and General Trust P L C to a “sell” rating and decreased their price target for the company from GBX 601 ($8.30) to GBX 564 ($7.79) in a research note on Tuesday, January 23rd. Liberum Capital restated a “hold” rating and set a GBX 765 ($10.57) price target on shares of Daily Mail and General Trust P L C in a research note on Thursday, January 25th. Finally, BNP Paribas upgraded shares of Daily Mail and General Trust P L C to a “neutral” rating and upped their target price for the stock from GBX 530 ($7.32) to GBX 630 ($8.70) in a research note on Wednesday, January 24th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 692.55 ($9.57).
The company has a market cap of $2,210.00 and a P/E ratio of -1,336.73.
The company also recently announced a dividend, which was paid on Friday, February 9th. Stockholders of record on Thursday, December 7th were paid a GBX 15.80 ($0.22) dividend. This is a positive change from Daily Mail and General Trust P L C’s previous dividend of $6.90. The ex-dividend date of this dividend was Thursday, December 7th. This represents a dividend yield of 2.81%.
In related news, insider Kevin Beatty sold 61,339 shares of the business’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of GBX 603 ($8.33), for a total value of £369,874.17 ($511,017.09). Also, insider Kevin A. H. Parry purchased 8,891 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was bought at an average cost of GBX 556 ($7.68) per share, for a total transaction of £49,433.96 ($68,297.82). In the last quarter, insiders bought 8,957 shares of company stock valued at $4,983,522.
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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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