HSBC Boosts Dairy Crest Group plc (DCG) Price Target to GBX 750
Dairy Crest Group plc (LON:DCG) had its target price lifted by stock analysts at HSBC from GBX 720 ($8.92) to GBX 750 ($9.29) in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. HSBC’s price objective indicates a potential upside of 24.38% from the stock’s current price.
A number of other analysts have also recently commented on DCG. Peel Hunt reissued a “buy” rating and issued a GBX 660 ($8.18) price target on shares of Dairy Crest Group plc in a research report on Tuesday, July 19th. Numis Securities Ltd restated an “add” rating and issued a GBX 649 ($8.04) price objective on shares of Dairy Crest Group plc in a report on Tuesday, July 19th. Shore Capital restated a “house stock” rating on shares of Dairy Crest Group plc in a report on Tuesday, July 19th. Jefferies Group restated a “buy” rating and issued a GBX 640 ($7.93) price objective on shares of Dairy Crest Group plc in a report on Thursday, August 25th. Finally, Credit Suisse Group AG restated a “neutral” rating and issued a GBX 620 ($7.68) price objective on shares of Dairy Crest Group plc in a report on Friday, September 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Dairy Crest Group plc presently has a consensus rating of “Hold” and an average price target of GBX 641.89 ($7.95).
Dairy Crest Group plc (LON:DCG) opened at 600.50 on Friday. Dairy Crest Group plc has a 12-month low of GBX 503.00 and a 12-month high of GBX 700.00. The stock has a 50 day moving average price of GBX 629.32 and a 200-day moving average price of GBX 603.97. The company’s market capitalization is GBX 837.62 million.
The business also recently announced a dividend, which will be paid on Thursday, January 26th. Shareholders of record on Thursday, January 5th will be paid a dividend of GBX 6.20 ($0.08) per share. The ex-dividend date is Thursday, January 5th. This represents a yield of 1.03%.
About Dairy Crest Group plc
Dairy Crest Group plc is a United Kingdom-based dairy company. The Company processes and markets branded dairy products. The Company’s segments include Cheese, Spreads and Other. It has two product groups: cheese & whey, and butters, spreads & oils. It produces and markets Cathedral City, a cheese brand, and the Davidstow cheddar brand.
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