Domino’s Pizza Group (LON:DOM) Upgraded by Peel Hunt to Buy

Domino’s Pizza Group (LON:DOM) was upgraded by analysts at Peel Hunt to a “buy” rating in a research report issued to clients and investors on Wednesday, Digital Look reports. The firm currently has a GBX 300 ($3.92) price objective on the stock. Peel Hunt’s price target indicates a potential upside of 25.26% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Numis Securities reiterated a “buy” rating on shares of Domino’s Pizza Group in a research note on Wednesday, May 1st. Canaccord Genuity dropped their price target on Domino’s Pizza Group from GBX 310 ($4.05) to GBX 300 ($3.92) and set a “buy” rating for the company in a research note on Wednesday, May 8th. Liberum Capital dropped their price target on Domino’s Pizza Group from GBX 190 ($2.48) to GBX 180 ($2.35) and set a “sell” rating for the company in a research note on Thursday, May 16th. Berenberg Bank downgraded Domino’s Pizza Group to a “sell” rating and dropped their target price for the company from GBX 260 ($3.40) to GBX 220 ($2.87) in a research report on Friday, February 15th. Finally, UBS Group reiterated a “neutral” rating on shares of Domino’s Pizza Group in a research report on Tuesday, March 12th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. Domino’s Pizza Group currently has an average rating of “Hold” and a consensus price target of GBX 294 ($3.84).

LON DOM traded up GBX 1.50 ($0.02) on Wednesday, hitting GBX 239.50 ($3.13). 780,430 shares of the company’s stock were exchanged, compared to its average volume of 2,470,000. The company has a debt-to-equity ratio of 9,124.00, a current ratio of 0.69 and a quick ratio of 0.55. Domino’s Pizza Group has a 52 week low of GBX 220 ($2.87) and a 52 week high of GBX 390 ($5.10). The stock has a market capitalization of $1.10 billion and a PE ratio of 23.48.

In related news, insider Ian Bull acquired 10,000 shares of the stock in a transaction dated Tuesday, May 7th. The stock was bought at an average cost of GBX 244 ($3.19) per share, for a total transaction of £24,400 ($31,882.92).

About Domino’s Pizza Group

Domino's Pizza Group plc owns, operates, and franchises Domino's Pizza stores in the United Kingdom, the Republic of Ireland, Switzerland, Germany, Iceland, Norway, and Sweden. It also leases properties; and leases store equipment to franchisees. The company operates 1,261 stores in the six European markets.

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Analyst Recommendations for Domino`s Pizza Group (LON:DOM)

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