Royal Bank Of Canada Issues Pessimistic Forecast for Domino’s Pizza Group (LON:DOM) Stock Price

Domino’s Pizza Group (LON:DOM) had its price objective decreased by equities researchers at Royal Bank Of Canada from GBX 285 to GBX 250 in a note issued to investors on Friday, Marketbeat reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 35.50% from the company’s previous close.

A number of other brokerages also recently issued reports on DOM. Shore Capital reissued a “hold” rating on shares of Domino’s Pizza Group in a report on Tuesday, November 25th. Peel Hunt decreased their target price on shares of Domino’s Pizza Group from GBX 350 to GBX 275 and set a “buy” rating on the stock in a report on Tuesday, November 25th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 285.

Domino’s Pizza Group Stock Performance

Shares of DOM opened at GBX 184.50 on Friday. Domino’s Pizza Group has a 52-week low of GBX 164.03 and a 52-week high of GBX 303.20. The stock’s 50-day simple moving average is GBX 174.60 and its 200 day simple moving average is GBX 196.14. The company has a debt-to-equity ratio of -562.33, a quick ratio of 0.83 and a current ratio of 0.86. The stock has a market capitalization of £704.07 million, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 5.24 and a beta of 0.95.

Insider Transactions at Domino’s Pizza Group

In related news, insider Ian Bull purchased 20,000 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was acquired at an average price of GBX 172 per share, with a total value of £34,400. 13.70% of the stock is currently owned by insiders.

Domino’s Pizza Group Company Profile

Domino’s Pizza is the UK’s leading pizza brand and a major player in the Republic of Ireland.

We are part of the global Domino’s system, the biggest pizza delivery operator in the world. We hold the exclusive master franchise rights in the UK & Ireland under a long term agreement with Domino’s Pizza International Franchising Inc, the international arm of Domino’s Pizza Inc, which owns the Domino’s brand. Our core business is the UK & Ireland, where we have a clear number one market share. We operate a world-class supply chain, making fresh dough and acting as a scale and expert wholesaler of other food and non-food supplies to our franchisees.