Numis Securities Ltd Reiterates Hold Rating for Dignity Plc (DTY)
Dignity Plc (LON:DTY)‘s stock had its “hold” rating reaffirmed by stock analysts at Numis Securities Ltd in a note issued to investors on Tuesday. They currently have a GBX 2,750 ($35.50) price objective on the stock. Numis Securities Ltd’s target price would suggest a potential upside of 6.30% from the company’s current price.
Several other equities analysts have also recently commented on DTY. Berenberg Bank restated a “buy” rating and set a GBX 2,825 ($36.47) price target on shares of Dignity Plc in a report on Wednesday, January 18th. Peel Hunt reiterated a “hold” rating and issued a GBX 2,400 ($30.98) price objective on shares of Dignity Plc in a report on Wednesday, March 8th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 2,729 ($35.23).
Dignity Plc (LON:DTY) traded up 1.51% during midday trading on Tuesday, hitting GBX 2626.00. The stock had a trading volume of 194,292 shares. The firm has a 50 day moving average price of GBX 2,472.97 and a 200 day moving average price of GBX 2,497.83. Dignity Plc has a one year low of GBX 2,240.00 and a one year high of GBX 2,940.00. The stock’s market cap is GBX 1.31 billion.
The firm also recently disclosed a dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, May 18th will be issued a GBX 15.74 ($0.20) dividend. The ex-dividend date is Thursday, May 18th. This is a boost from Dignity Plc’s previous dividend of $7.85. This represents a yield of 0.69%.
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In related news, insider Richard Portman sold 2,280 shares of the company’s stock in a transaction on Tuesday, April 4th. The shares were sold at an average price of GBX 2,419 ($31.22), for a total value of £55,153.20 ($71,192.98). Also, insider Mike McCollum sold 43,999 shares of the company’s stock in a transaction on Wednesday, April 5th. The stock was sold at an average price of GBX 2,404 ($31.03), for a total transaction of £1,057,735.96 ($1,365,349.12). Insiders sold 107,528 shares of company stock valued at $271,348,966 over the last quarter.
About Dignity Plc
Dignity plc is a United Kingdom-based provider of funeral related services in the United Kingdom. The Company operates through three segments: funeral services, crematoria and pre-arranged funeral plans. The Company’s funeral services relate to the provision of funerals and ancillary items, such as memorials and floral tributes.
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