Daily Mail and General Trust (DMGT) Rating Lowered to Hold at Liberum Capital
Daily Mail and General Trust (LON:DMGT) was downgraded by equities researchers at Liberum Capital to a “hold” rating in a research note issued on Thursday. They currently have a GBX 765 ($10.25) target price on the stock, down from their prior target price of GBX 785 ($10.51). Liberum Capital’s price target points to a potential upside of 43.12% from the stock’s current price.
DMGT has been the topic of a number of other research reports. Citigroup reissued a “buy” rating on shares of Daily Mail and General Trust in a report on Wednesday. Barclays reissued an “underweight” rating and set a GBX 600 ($8.04) price objective on shares of Daily Mail and General Trust in a report on Tuesday, October 3rd. Deutsche Bank reissued a “hold” rating and set a GBX 750 ($10.04) price objective on shares of Daily Mail and General Trust in a report on Tuesday, October 3rd. Berenberg Bank started coverage on shares of Daily Mail and General Trust in a research report on Friday, November 17th. They set a “buy” rating and a GBX 800 ($10.71) target price on the stock. Finally, Numis Securities lowered their target price on shares of Daily Mail and General Trust from GBX 970 ($12.99) to GBX 905 ($12.12) and set a “buy” rating on the stock in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 796.23 ($10.66).
Shares of Daily Mail and General Trust (LON DMGT) traded down GBX 167.50 ($2.24) during trading hours on Thursday, reaching GBX 534.50 ($7.16). 5,479,829 shares of the company traded hands, compared to its average volume of 723,452. Daily Mail and General Trust has a 52-week low of GBX 605.50 ($8.11) and a 52-week high of GBX 836 ($11.20).
About Daily Mail and General Trust
Daily Mail and General Trust plc manages a multinational portfolio of companies that provide a range of businesses and consumers with information, analysis, insight, news and entertainment. The Company’s segments include RMS, dmg information, dmg events, Euromoney and dmg media. The RMS segment produces risk models, software applications and analytical data services used by the global risk and insurance industry to quantify and manage catastrophic risks.
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