Dialight Plc’s “Buy” Rating Reiterated at Canaccord Genuity (DIA)
Dialight Plc (LON:DIA)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity in a research report issued on Thursday. They currently have a GBX 1,100 ($18.20) price target on the stock. Canaccord Genuity’s target price suggests a potential upside of 20.22% from the stock’s previous close.
Dialight Plc (LON:DIA) opened at 914.0001 on Thursday. Dialight Plc has a one year low of GBX 620.50 and a one year high of GBX 1419.00. The stock has a 50-day moving average of GBX 892.3 and a 200-day moving average of GBX 886.7. The company’s market cap is £297.1 million.
The company also recently declared a dividend, which is scheduled for Monday, October 6th. Stockholders of record on Wednesday, September 3rd will be given a dividend of GBX 5.20 ($0.09) per share. This represents a yield of 0.56%. The ex-dividend date of this dividend is Wednesday, September 3rd.
Separately, analysts at Investec reiterated a “hold” rating on shares of Dialight Plc in a research note on Monday, July 21st. They now have a GBX 910 ($15.06) price target on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 878.40 ($14.54).
Dialight plc is the holding company of the Dialight Group of Companies. The Company is engaged in applied light emitting diode (LON:DIA) technology.
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