Daily Mail and General Trust P L C (LON:DMGT) was downgraded by research analysts at Liberum Capital to a “sell” rating in a report released on Thursday. They currently have a GBX 685 ($8.92) price target on the stock, down from their previous price target of GBX 765 ($9.96). Liberum Capital’s price target suggests a potential downside of 9.21% from the company’s previous close.
A number of other research firms have also commented on DMGT. Berenberg Bank lifted their target price on Daily Mail and General Trust P L C from GBX 725 ($9.44) to GBX 860 ($11.20) and gave the stock a “buy” rating in a report on Thursday, June 28th. Numis Securities reissued a “buy” rating on shares of Daily Mail and General Trust P L C in a report on Thursday, July 26th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 667.40 ($8.69).
Daily Mail and General Trust P L C stock opened at GBX 754.50 ($9.83) on Thursday. Daily Mail and General Trust P L C has a 12 month low of GBX 500 ($6.51) and a 12 month high of GBX 769 ($10.02).
In other news, insider The Viscount Rothermere acquired 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The stock was bought at an average price of GBX 758 ($9.87) per share, with a total value of £189,500 ($246,841.21). Also, insider P M. Dacre acquired 33,000 shares of the business’s stock in a transaction that occurred on Friday, June 29th. The stock was purchased at an average cost of GBX 740 ($9.64) per share, with a total value of £244,200 ($318,093.01). Insiders purchased 58,060 shares of company stock valued at $43,414,880 in the last ninety days.
About Daily Mail and General Trust P L C
Daily Mail and General Trust plc, together with its subsidiaries, engages in digital, information, events, and media businesses in the United Kingdom, North America, rest of Europe, Australia, and internationally. The company provides risk models, software applications, and analytical data services for the risk and insurance industry; business-to-business information, analysis, and software for the property, education technology, and energy sectors; and organizes exhibitions and conferences focusing on the energy, construction, interiors, hotel, and hospitality and leisure sectors.
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