Shares of Daily Mail and General Trust P L C (LON:DMGT) dropped 0% during mid-day trading on Thursday . The company traded as low as GBX 590.50 ($8.01) and last traded at GBX 594 ($8.06). Approximately 754,320 shares changed hands during trading, a decline of 27% from the average daily volume of 1,040,000 shares. The stock had previously closed at GBX 594 ($8.06).
Several brokerages recently weighed in on DMGT. Liberum Capital lowered Daily Mail and General Trust P L C to a “hold” rating and lowered their price objective for the company from GBX 785 ($10.65) to GBX 765 ($10.37) in a report on Thursday, November 30th. Citigroup lowered Daily Mail and General Trust P L C to a “neutral” rating and lowered their price objective for the company from GBX 880 ($11.93) to GBX 600 ($8.14) in a report on Tuesday, December 5th. Deutsche Bank lowered their price objective on 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 report on Monday, December 4th. Berenberg Bank began coverage on Daily Mail and General Trust P L C in a report on Friday, November 17th. They issued a “buy” rating and a GBX 800 ($10.85) price objective for the company. Finally, Numis Securities lowered their price objective on Daily Mail and General Trust P L C from GBX 970 ($13.15) to GBX 905 ($12.27) and set a “buy” rating for the company in a report on Thursday, November 30th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 741.91 ($10.06).
The company has a market cap of $2,030.00 and a price-to-earnings ratio of -1,226.53.
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 dividend of GBX 15.80 ($0.21) per share. The ex-dividend date of this dividend is Thursday, December 7th. This is a positive change from Daily Mail and General Trust P L C’s previous dividend of $6.90. This represents a dividend yield of 2.81%.
In other news, insider Kevin Beatty sold 61,339 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of GBX 603 ($8.18), for a total transaction of £369,874.17 ($501,592.31). Also, insider Kevin A. H. Parry acquired 8,891 shares of Daily Mail and General Trust P L C stock in a transaction dated Friday, December 1st. The shares were acquired at an average price of GBX 556 ($7.54) per share, with a total value of £49,433.96 ($67,038.19). Insiders have bought 8,956 shares of company stock valued at $4,983,829 over the last ninety days.
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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