Dairy Crest Group plc Downgraded by Investec to “Hold” (DCG)
Dairy Crest Group plc (LON:DCG) was downgraded by equities researchers at Investec to a “hold” rating in a research report issued on Friday. They currently have a GBX 434 ($7.30) target price on the stock, down from their previous target price of GBX 525 ($8.83). Investec’s target price indicates a potential downside of 0.86% from the stock’s previous close.
DCG has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. cut their price target on shares of Dairy Crest Group plc from GBX 600 ($10.09) to GBX 577 ($9.71) in a research note on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Societe Generale reiterated a “hold” rating on shares of Dairy Crest Group plc in a research note on Friday, May 16th. They now have a GBX 480 ($8.07) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “hold” rating on shares of Dairy Crest Group plc in a research note on Friday, May 16th. They now have a GBX 550 ($9.25) price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 484.56 ($8.15).
Dairy Crest Group plc (LON:DCG) opened at 434.40 on Friday. Dairy Crest Group plc has a one year low of GBX 446.10 and a one year high of GBX 560.50. The stock has a 50-day moving average of GBX 470.4 and a 200-day moving average of GBX 506.9. The company’s market cap is £592.5 million.
The company also recently announced a dividend, which is scheduled for Thursday, August 7th. Shareholders of record on Wednesday, July 2nd will be paid a dividend of GBX 15.40 ($0.26) per share. This represents a dividend yield of 3.59%. The ex-dividend date is Wednesday, July 2nd.
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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