Daily Mail and General Trust P L C (DMGT) Trading 2.1% Higher

Shares of Daily Mail and General Trust P L C (LON:DMGT) traded up 2.1% during mid-day trading on Tuesday . The stock traded as high as GBX 619.30 ($8.40) and last traded at GBX 604 ($8.19). 871,293 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 1,030,000 shares. The stock had previously closed at GBX 591.50 ($8.02).

Several analysts have issued reports on the stock. Citigroup downgraded shares of Daily Mail and General Trust P L C to a “neutral” rating and lowered their price objective for the company from GBX 880 ($11.93) to GBX 600 ($8.14) in a research report on Tuesday, December 5th. Deutsche Bank lowered their price objective on shares of Daily Mail and General Trust P L C from GBX 750 ($10.17) to GBX 635 ($8.61) and set a “hold” rating for the company in a research report on Monday, December 4th. Barclays lowered their price objective on shares of Daily Mail and General Trust P L C from GBX 600 ($8.14) to GBX 500 ($6.78) and set an “underweight” rating for the company in a research report on Friday, December 1st. Liberum Capital downgraded shares of Daily Mail and General Trust P L C to a “hold” rating and lowered their price objective for the company from GBX 785 ($10.65) to GBX 765 ($10.37) in a research report on Thursday, November 30th. Finally, Numis Securities lowered their price objective on shares of Daily Mail and General Trust P L C from GBX 970 ($13.15) to GBX 905 ($12.27) and set a “buy” rating for the company in a research report on Thursday, November 30th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 741.91 ($10.06).

The stock has a market capitalization of $2,030.00 and a PE ratio of -1,215.31.

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

In other news, insider Kevin A. H. Parry acquired 8,891 shares of Daily Mail and General Trust P L C stock in a transaction that occurred on Friday, December 1st. The shares were purchased at an average cost of GBX 556 ($7.54) per share, for a total transaction of £49,433.96 ($67,038.19). Also, insider Kevin Beatty sold 61,339 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of GBX 603 ($8.18), for a total value of £369,874.17 ($501,592.31). Insiders have bought 8,956 shares of company stock valued at $4,983,829 in the last three months.

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Daily Mail and General Trust P L C Company Profile

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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