Dignity’s (DTY) “Hold” Rating Reaffirmed at Peel Hunt

Peel Hunt reiterated their hold rating on shares of Dignity (LON:DTY) in a research report released on Wednesday, March 14th.

A number of other research firms also recently commented on DTY. Numis Securities restated a hold rating on shares of Dignity in a report on Monday, January 22nd. Berenberg Bank lowered Dignity to a hold rating and lowered their target price for the company from GBX 2,950 ($41.41) to GBX 2,350 ($32.99) in a research note on Thursday, November 16th.

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Shares of Dignity stock traded up GBX 22 ($0.31) during trading hours on Wednesday, hitting GBX 919.50 ($12.91). 249,900 shares of the company were exchanged, compared to its average volume of 574,863. Dignity has a 1 year low of GBX 734.92 ($10.32) and a 1 year high of GBX 2,777 ($38.98).

Dignity (LON:DTY) last announced its quarterly earnings data on Wednesday, March 14th. The company reported GBX 128.30 ($1.80) earnings per share for the quarter, topping the Zacks’ consensus estimate of GBX 124.40 ($1.75) by GBX 3.90 ($0.05). Dignity had a return on equity of 593.43% and a net margin of 21.26%. The firm had revenue of £324 million for the quarter.

The firm also recently disclosed a dividend, which will be paid on Friday, June 29th. Shareholders of record on Thursday, May 17th will be paid a dividend of GBX 15.74 ($0.22) per share. This represents a yield of 1.57%. The ex-dividend date is Thursday, May 17th. This is a positive change from Dignity’s previous dividend of $8.64.

In other Dignity news, insider Mike McCollum acquired 35,178 shares of the stock in a transaction on Wednesday, March 14th. The stock was purchased at an average price of GBX 990 ($13.90) per share, for a total transaction of £348,262.20 ($488,857.66).

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About Dignity

Dignity plc, together with its subsidiaries, provides funeral services in the United Kingdom. It operates in three segments: Funeral Services, Crematoria, and Pre?arranged Funeral Plans. The Funeral Services segment provides funerals and ancillary items, such as memorials and floral tributes. The Crematoria segment offers cremation services, as well as sells memorials and burial plots at the company operated crematoria and cemeteries.

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