Dairy Crest Group plc (DCG) Given Average Rating of “Hold” by Analysts
Shares of Dairy Crest Group plc (LON:DCG) have been given an average recommendation of “Hold” by the ten ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 619.44 ($8.09).
A number of equities analysts recently commented on the stock. Peel Hunt reduced their price objective on shares of Dairy Crest Group plc from GBX 720 ($9.40) to GBX 680 ($8.88) and set a “buy” rating for the company in a research note on Thursday, April 6th. Whitman Howard reissued a “hold” rating and issued a GBX 630 ($8.23) price objective on shares of Dairy Crest Group plc in a research note on Monday, April 10th. Shore Capital reissued a “house stock” rating on shares of Dairy Crest Group plc in a research note on Tuesday, April 11th. Numis Securities Ltd raised shares of Dairy Crest Group plc to an “add” rating and set a GBX 643 ($8.40) price objective for the company in a research note on Monday, May 22nd. Finally, Jefferies Group LLC downgraded shares of Dairy Crest Group plc to an “underperform” rating and boosted their price objective for the stock from GBX 500 ($6.53) to GBX 515 ($6.72) in a research note on Friday, June 9th.
Shares of Dairy Crest Group plc (LON DCG) traded up 3.59% on Tuesday, hitting GBX 577.00. The stock had a trading volume of 452,180 shares. The company’s market cap is GBX 807.44 million. Dairy Crest Group plc has a 52-week low of GBX 539.50 and a 52-week high of GBX 697.00. The company has a 50-day moving average of GBX 616.59 and a 200-day moving average of GBX 593.98.
The firm also recently declared a dividend, which will be paid on Friday, August 11th. Stockholders of record on Thursday, July 6th will be given a dividend of GBX 16.30 ($0.21) per share. The ex-dividend date of this dividend is Thursday, July 6th. This is an increase from Dairy Crest Group plc’s previous dividend of $6.20. This represents a dividend yield of 2.76%.
Dairy Crest Group plc Company Profile
Dairy Crest Group plc is a United Kingdom-based dairy company. The Company processes and markets branded dairy products. The Company’s segments include Cheese, Spreads and Other. It has two product groups: cheese & whey, and butters, spreads & oils. It produces and markets Cathedral City, a cheese brand, and the Davidstow cheddar brand.
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