Deutsche Bank Trims Daily Mail and General Trust (DMGT) Target Price to GBX 635

Daily Mail and General Trust (LON:DMGT) had its price objective trimmed by Deutsche Bank from GBX 750 ($10.09) to GBX 635 ($8.55) in a report issued on Monday morning. The firm currently has a hold rating on the stock.

Several other research firms have also issued reports on DMGT. Citigroup reaffirmed a buy rating on shares of Daily Mail and General Trust in a research note on Wednesday, November 29th. Berenberg Bank initiated coverage on Daily Mail and General Trust in a report on Friday, November 17th. They set a buy rating and a GBX 800 ($10.77) price objective on the stock. Numis Securities restated a buy rating and set a GBX 970 ($13.06) price objective on shares of Daily Mail and General Trust in a report on Monday, October 2nd. Barclays reaffirmed an underweight rating and set a GBX 600 ($8.08) target price on shares of Daily Mail and General Trust in a research report on Tuesday, October 3rd. Finally, Liberum Capital reaffirmed a buy rating and set a GBX 785 ($10.57) target price on shares of Daily Mail and General Trust in a research report on Friday, September 29th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 742.58 ($9.99).

Shares of Daily Mail and General Trust (LON DMGT) traded down GBX 15.25 ($0.21) during trading on Monday, reaching GBX 584.75 ($7.87). The company had a trading volume of 579,294 shares, compared to its average volume of 938,115. Daily Mail and General Trust has a 52 week low of GBX 500 ($6.73) and a 52 week high of GBX 806 ($10.85).

The company also recently announced a dividend, which will be paid on Friday, February 9th. Shareholders of record on Thursday, December 7th will be paid a dividend of GBX 15.80 ($0.21) per share. This represents a yield of 2.81%. This is a positive change from Daily Mail and General Trust’s previous dividend of $6.90. The ex-dividend date of this dividend is Thursday, December 7th.

In other news, insider The Viscount Rothermere sold 88,385 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of GBX 613 ($8.25), for a total transaction of £541,800.05 ($729,205.99). Also, insider Kevin A. H. Parry purchased 8,891 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were purchased at an average price of GBX 556 ($7.48) per share, for a total transaction of £49,433.96 ($66,532.92). Insiders have acquired a total of 8,936 shares of company stock valued at $4,973,534 over the last three months.

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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.

Analyst Recommendations for Daily Mail and General Trust (LON:DMGT)

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