Dairy Crest Group plc (DCG) Rating Lowered to Underperform at Jefferies Group
Dairy Crest Group plc (LON:DCG) was downgraded by Jefferies Group to an “underperform” rating in a note issued to investors on Tuesday. They currently have a GBX 500 ($6.25) price target on the stock, down from their prior price target of GBX 640 ($8.00). Jefferies Group’s target price indicates a potential downside of 16.18% from the stock’s previous close.
Other research analysts also recently issued research reports about the company. Numis Securities Ltd reaffirmed an “add” rating and issued a GBX 649 ($8.11) price objective on shares of Dairy Crest Group plc in a research note on Tuesday, July 19th. HSBC upped their price objective on Dairy Crest Group plc from GBX 720 ($9.00) to GBX 750 ($9.37) and gave the company a “buy” rating in a research note on Friday. Peel Hunt reaffirmed a “buy” rating and issued a GBX 720 ($9.00) price objective on shares of Dairy Crest Group plc in a research note on Thursday, November 10th. Societe Generale reaffirmed a “hold” rating and issued a GBX 610 ($7.62) price objective (down previously from GBX 620 ($7.75)) on shares of Dairy Crest Group plc in a research note on Monday. Finally, Shore Capital reaffirmed a “house stock” rating on shares of Dairy Crest Group plc in a research note on Tuesday, July 19th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 625.22 ($7.81).
Dairy Crest Group plc (LON:DCG) opened at 596.50 on Tuesday. The firm has a 50-day moving average of GBX 626.00 and a 200-day moving average of GBX 604.66. Dairy Crest Group plc has a 52 week low of GBX 503.00 and a 52 week high of GBX 700.00. The company’s market cap is GBX 833.30 million.
The firm also recently declared a dividend, which will be paid on Thursday, January 26th. Shareholders of record on Thursday, January 5th will be issued a dividend of GBX 6.20 ($0.08) per share. This represents a dividend yield of 1.03%. The ex-dividend date is Thursday, January 5th.
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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