Dart Group (LON:DTG) Reaches New 52-Week Low at $734.50

Dart Group PLC (LON:DTG)’s share price reached a new 52-week low on Tuesday . The stock traded as low as GBX 734.50 ($9.60) and last traded at GBX 752.50 ($9.83), with a volume of 318586 shares traded. The stock had previously closed at GBX 749 ($9.79).

A number of equities analysts have issued reports on DTG shares. Canaccord Genuity restated a “buy” rating and issued a GBX 1,250 ($16.33) price objective on shares of Dart Group in a research report on Wednesday, April 17th. Jefferies Financial Group started coverage on shares of Dart Group in a research report on Wednesday, July 3rd. They issued a “hold” rating and a GBX 900 ($11.76) price objective on the stock.

The firm’s 50-day moving average price is GBX 802.21. The stock has a market cap of $1.12 billion and a PE ratio of 7.70. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 165.12.

The company also recently disclosed a dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 19th will be given a GBX 7.40 ($0.10) dividend. This is a boost from Dart Group’s previous dividend of $2.80. The ex-dividend date is Thursday, September 19th. This represents a dividend yield of 0.84%. Dart Group’s payout ratio is presently 0.10%.

In related news, insider Philip Hugh Meeson sold 500,000 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of GBX 867 ($11.33), for a total transaction of £4,335,000 ($5,664,445.32). Also, insider Gary Brown sold 7,370 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of GBX 775 ($10.13), for a total transaction of £57,117.50 ($74,634.13).

About Dart Group (LON:DTG)

Dart Group PLC, together with its subsidiaries, engages in leisure travel, and distribution and logistics businesses in Europe. The company operates scheduled holiday flights to leisure destinations in the Mediterranean, the Canary Islands, and European Leisure Cities. It is also involved in package holiday, passenger aircraft, charter aircraft, non-ticket retail, and warehousing and distribution activities.

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