Royal Bank of Canada Initiates Coverage on Domino’s Pizza Group (DOM)

Investment analysts at Royal Bank of Canada initiated coverage on shares of Domino’s Pizza Group (LON:DOM) in a report issued on Tuesday. The firm set an “outperform” rating and a GBX 350 ($4.57) price target on the stock. Royal Bank of Canada’s target price suggests a potential upside of 36.51% from the stock’s current price.

Several other equities research analysts have also issued reports on the company. Peel Hunt lowered their price objective on Domino’s Pizza Group from GBX 425 ($5.55) to GBX 350 ($4.57) and set a “buy” rating for the company in a research note on Monday, October 15th. Liberum Capital reaffirmed a “sell” rating on shares of Domino’s Pizza Group in a research note on Tuesday, October 16th. UBS Group reaffirmed a “sell” rating and issued a GBX 250 ($3.27) price objective (down from GBX 270 ($3.53)) on shares of Domino’s Pizza Group in a research note on Friday, October 12th. Citigroup lowered their price objective on Domino’s Pizza Group from GBX 370 ($4.83) to GBX 310 ($4.05) and set a “neutral” rating for the company in a research note on Thursday, August 9th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Domino’s Pizza Group in a research note on Thursday, August 23rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 362.55 ($4.74).

LON:DOM opened at GBX 256.40 ($3.35) on Tuesday. Domino’s Pizza Group has a 1 year low of GBX 255.80 ($3.34) and a 1 year high of GBX 372.70 ($4.87).

In related news, insider David Bauernfeind acquired 8,000 shares of the stock in a transaction dated Wednesday, October 31st. The stock was acquired at an average cost of GBX 279 ($3.65) per share, with a total value of £22,320 ($29,165.03).

Domino’s Pizza Group Company Profile

Domino's Pizza Group plc owns, operates, and franchises Domino's Pizza stores in the United Kingdom, the Republic of Ireland, Switzerland, Luxembourg, and Liechtenstein. It also leases properties; and leases store equipment to franchisees. As of December 31, 2017, the company had 1,192 stores in the six European markets.

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Analyst Recommendations for Domino`s Pizza Group (LON:DOM)

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