Barclays Trims Daily Mail and General Trust (DMGT) Target Price to GBX 500

Daily Mail and General Trust (LON:DMGT) had its target price cut by Barclays from GBX 600 ($8.08) to GBX 500 ($6.73) in a report released on Friday. They currently have an underweight rating on the stock.

A number of other brokerages also recently commented on DMGT. Liberum Capital restated a buy rating and issued a GBX 785 ($10.57) target price on shares of Daily Mail and General Trust in a research note on Friday, September 29th. Citigroup restated a buy rating on shares of Daily Mail and General Trust in a research note on Wednesday, November 29th. Deutsche Bank restated a hold rating and issued a GBX 750 ($10.09) target price on shares of Daily Mail and General Trust in a research note on Tuesday, October 3rd. Berenberg Bank started coverage on Daily Mail and General Trust in a research note on Friday, November 17th. They issued a buy rating and a GBX 800 ($10.77) target price for the company. Finally, Numis Securities decreased their target price on Daily Mail and General Trust from GBX 970 ($13.06) to GBX 905 ($12.18) and set a buy rating for the company in a research note on Thursday, November 30th. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Daily Mail and General Trust currently has a consensus rating of Hold and a consensus price target of GBX 742.58 ($9.99).

Shares of Daily Mail and General Trust (LON:DMGT) opened at GBX 574.50 ($7.73) on Friday. Daily Mail and General Trust has a fifty-two week low of GBX 500 ($6.73) and a fifty-two week high of GBX 836 ($11.25).

The business also recently announced a dividend, which will be paid on Friday, February 9th. Shareholders of record on Thursday, December 7th will be paid a GBX 15.80 ($0.21) dividend. This is an increase from Daily Mail and General Trust’s previous dividend of $6.90. This represents a yield of 2.81%. The ex-dividend date is Thursday, December 7th.

In other Daily Mail and General Trust news, insider Kevin A. H. Parry acquired 8,891 shares of Daily Mail and General Trust stock in a transaction dated Friday, December 1st. The stock was acquired at an average cost of GBX 556 ($7.48) per share, for a total transaction of £49,433.96 ($66,532.92). Also, insider The Viscount Rothermere sold 88,385 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of GBX 613 ($8.25), for a total value of £541,800.05 ($729,205.99). Over the last 90 days, insiders acquired 8,956 shares of company stock valued at $4,985,854.

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About Daily Mail and General Trust

Daily Mail and General Trust plc manages a multinational portfolio of companies that provide a range of businesses and consumers with information, analysis, insight, news and entertainment. The Company’s segments include RMS, dmg information, dmg events, Euromoney and dmg media. The RMS segment produces risk models, software applications and analytical data services used by the global risk and insurance industry to quantify and manage catastrophic risks.

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