Dairy Crest Group Given New GBX 550 Price Target at Panmure Gordon (DCG)
Research analysts at Panmure Gordon increased their price objective on shares of Dairy Crest Group (LON:DCG) from GBX 500 ($8.24) to GBX 550 ($9.06) in a report released on Friday, Analyst Ratings News reports. The firm currently has a “hold” rating on the stock. Panmure Gordon’s price objective would suggest a potential upside of 7.42% from the company’s current price.
Shares of Dairy Crest Group (LON:DCG) traded up 0.20% during mid-day trading on Friday, hitting GBX 512.00. The stock had a trading volume of 719,420 shares. Dairy Crest Group has a one year low of GBX 399.516 and a one year high of GBX 560.50. The stock has a 50-day moving average of GBX 534.2 and a 200-day moving average of GBX 511.1. The company’s market cap is £698.4 million.
A number of other firms have also recently commented on DCG. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Dairy Crest Group in a research note to investors on Friday. They now have a GBX 600 ($9.89) price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Dairy Crest Group from GBX 485 ($7.99) to GBX 575 ($9.47) in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Dairy Crest Group to a “conviction sell” rating in a research note to investors on Friday, January 24th. They now have a GBX 351 ($5.78) price target on the stock, down previously from GBX 404 ($6.66). Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Dairy Crest Group has a consensus rating of “Hold” and a consensus target price of GBX 503.55 ($8.30).
Dairy Crest Group plc is an integrated dairy company. The Company is principally engaged in the manufacture, processing and distribution of milk and dairy products in the United Kingdom and Europe.
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