Daily Mail and General Trust (DMGT) Cut to “Neutral” at Citigroup
Daily Mail and General Trust (LON:DMGT) was downgraded by research analysts at Citigroup to a “neutral” rating in a research report issued to clients and investors on Tuesday. They currently have a GBX 600 ($8.08) price objective on the stock, down from their previous price objective of GBX 880 ($11.84). Citigroup’s price objective would suggest a potential upside of 0.67% from the stock’s previous close.
Other equities analysts also recently issued reports about the company. Numis Securities reiterated a “buy” rating and issued a GBX 970 ($13.06) target price on shares of Daily Mail and General Trust in a research report on Monday, October 2nd. Liberum Capital reiterated a “buy” rating and issued a GBX 785 ($10.57) target price on shares of Daily Mail and General Trust in a research report on Friday, September 29th. Berenberg Bank assumed coverage on Daily Mail and General Trust in a research report on Friday, November 17th. They issued a “buy” rating and a GBX 800 ($10.77) target price for the company. Deutsche Bank reissued a “hold” rating and issued a GBX 750 ($10.09) price target on shares of Daily Mail and General Trust in a research note on Tuesday, October 3rd. Finally, Barclays decreased their price target on Daily Mail and General Trust from GBX 600 ($8.08) to GBX 500 ($6.73) and set an “underweight” rating for the company in a research note on Friday, December 1st. Three analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 742.58 ($9.99).
Daily Mail and General Trust (LON:DMGT) traded up GBX 9.63 ($0.13) during trading on Tuesday, reaching GBX 596 ($8.02). The company’s stock had a trading volume of 746,550 shares, compared to its average volume of 1,040,000. Daily Mail and General Trust has a 1 year low of GBX 500 ($6.73) and a 1 year high of GBX 806 ($10.85).
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Daily Mail and General Trust Company Profile
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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