Numis Securities Ltd Upgrades Dairy Crest Group plc (DCG) to Add
Dairy Crest Group plc (LON:DCG) was upgraded by research analysts at Numis Securities Ltd to an “add” rating in a research report issued to clients and investors on Tuesday. The firm presently has a GBX 666 ($8.32) price target on the stock, down from their prior price target of GBX 677 ($8.46). Numis Securities Ltd’s price objective points to a potential upside of 15.32% from the company’s previous close.
Several other brokerages have also recently commented on DCG. Peel Hunt boosted their price target on Dairy Crest Group plc from GBX 660 ($8.25) to GBX 720 ($9.00) and gave the company a “buy” rating in a research note on Monday, September 19th. Jefferies Group reissued a “buy” rating and issued a GBX 640 ($8.00) price target on shares of Dairy Crest Group plc in a research note on Thursday, August 25th. Credit Suisse Group AG reissued a “neutral” rating and issued a GBX 620 ($7.75) price target on shares of Dairy Crest Group plc in a research note on Friday, September 30th. JPMorgan Chase & Co. cut Dairy Crest Group plc to a “neutral” rating and set a GBX 600 ($7.50) price target for the company. in a research note on Friday, November 11th. Finally, HSBC boosted their price target 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, November 11th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Dairy Crest Group plc currently has an average rating of “Hold” and a consensus target price of GBX 624 ($7.80).
Dairy Crest Group plc (LON:DCG) opened at 577.50 on Tuesday. The firm has a 50-day moving average of GBX 622.95 and a 200-day moving average of GBX 604.83. The firm’s market cap is GBX 806.76 million. Dairy Crest Group plc has a 12-month low of GBX 503.00 and a 12-month high of GBX 700.00.
The firm also recently declared a dividend, which will be paid on Thursday, January 26th. Stockholders of record on Thursday, January 5th will be issued a dividend of GBX 6.20 ($0.08) per share. The ex-dividend date is Thursday, January 5th. This represents a dividend 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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