Dairy Crest Group (DCG) Sets New 52-Week Low After Analyst Downgrade
Dairy Crest Group plc (LON:DCG) reached a new 52-week low during mid-day trading on Wednesday after Peel Hunt lowered their price target on the stock from GBX 680 to GBX 650. Peel Hunt currently has a buy rating on the stock. Dairy Crest Group traded as low as GBX 503 ($6.95) and last traded at GBX 513 ($7.09), with a volume of 892487 shares trading hands. The stock had previously closed at GBX 548.50 ($7.58).
DCG has been the subject of several other research reports. Whitman Howard reissued a “buy” rating and set a GBX 680 ($9.39) price objective on shares of Dairy Crest Group in a research note on Wednesday, November 15th. Kepler Capital Markets reissued a “reduce” rating and set a GBX 560 ($7.74) price objective on shares of Dairy Crest Group in a research note on Thursday, February 1st. Finally, Numis Securities reissued an “add” rating and set a GBX 655 ($9.05) price objective on shares of Dairy Crest Group in a research note on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 610 ($8.43).
In other news, insider Stephen Alexander purchased 1,250 shares of the stock in a transaction on Friday, December 29th. The shares were acquired at an average price of GBX 575 ($7.94) per share, for a total transaction of £7,187.50 ($9,930.23). Also, insider Mark Allen sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of GBX 575 ($7.94), for a total value of £57,500 ($79,441.83).
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About Dairy Crest Group
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 & Functional Ingredients and Butters, Spreads & Oils. It produces and markets Cathedral City, a cheese brand, and the Davidstow cheddar brand.
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