Dairy Crest Group plc (DCG) Rating Lowered to Neutral at JPMorgan Chase & Co.
Dairy Crest Group plc (LON:DCG) was downgraded by equities research analysts at JPMorgan Chase & Co. to a “neutral” rating in a research report issued to clients and investors on Friday. They currently have a GBX 600 ($7.50) price objective on the stock. JPMorgan Chase & Co.’s target price would indicate a potential upside of 0.59% from the company’s current price.
Several other research analysts have also commented on the company. Peel Hunt reiterated a “buy” rating and set a GBX 720 ($9.00) price target on shares of Dairy Crest Group plc in a report on Monday, October 24th. Jefferies Group reissued a “buy” rating and set a GBX 640 ($8.00) price objective on shares of Dairy Crest Group plc in a research report on Thursday, August 25th. Numis Securities Ltd downgraded Dairy Crest Group plc to a “hold” rating and set a GBX 649 ($8.11) price objective for the company. in a research report on Monday, September 19th. Credit Suisse Group AG reissued a “neutral” rating and set a GBX 620 ($7.75) price objective on shares of Dairy Crest Group plc in a research report on Friday, September 30th. Finally, Shore Capital reissued a “house stock” rating on shares of Dairy Crest Group plc in a research report on Tuesday, July 19th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 625.22 ($7.81).
Shares of Dairy Crest Group plc (LON:DCG) opened at 575.00 on Friday. Dairy Crest Group plc has a 52-week low of GBX 503.00 and a 52-week high of GBX 700.00. The firm’s 50 day moving average is GBX 626.00 and its 200 day moving average is GBX 604.66. The stock’s market capitalization is GBX 803.27 million.
The company also recently announced a dividend, which will be paid on Thursday, January 26th. Shareholders of record on Thursday, January 5th will be given a GBX 6.20 ($0.08) dividend. This represents a yield of 1.03%. The ex-dividend date of this dividend is Thursday, January 5th.
Dairy Crest Group plc Company Profile
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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