Daily Mail and General Trust (DMGT) Trading 0% Higher
Daily Mail and General Trust plc (LON:DMGT) traded up 0% during mid-day trading on Tuesday . The company traded as high as GBX 599 ($8.06) and last traded at GBX 599 ($8.06). 1,760,428 shares were traded during trading, an increase of 88% from the average session volume of 938,115 shares. The stock had previously closed at GBX 599 ($8.06).
A number of equities research analysts recently issued reports on the company. Deutsche Bank decreased their price target on Daily Mail and General Trust from GBX 750 ($10.09) to GBX 635 ($8.55) and set a “hold” rating for the company in a research note on Monday. Numis Securities decreased their price target 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. Liberum Capital decreased their price target on Daily Mail and General Trust from GBX 900 ($12.11) to GBX 785 ($10.57) and set a “buy” rating for the company in a research note on Tuesday, September 5th. Citigroup lowered Daily Mail and General Trust to a “neutral” rating and decreased their price target for the stock from GBX 880 ($11.84) to GBX 600 ($8.08) in a research note on Tuesday. Finally, Barclays decreased their price target on Daily Mail and General Trust from GBX 600 ($8.08) to GBX 500 ($6.73) and set an “underweight” rating for the company in a research note on Friday, December 1st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 742.58 ($9.99).
The company also recently announced a dividend, which will be paid on Friday, February 9th. Shareholders of record on Thursday, December 7th will be given a dividend of GBX 15.80 ($0.21) per share. The ex-dividend date is Thursday, December 7th. This is a positive change from Daily Mail and General Trust’s previous dividend of $6.90. This represents a yield of 2.81%.
In other news, insider The Viscount Rothermere sold 88,385 shares of Daily Mail and General Trust stock in a transaction 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). Also, insider Kevin A. H. Parry purchased 8,891 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was bought at an average price of GBX 556 ($7.48) per share, for a total transaction of £49,433.96 ($66,532.92). Over the last ninety days, insiders have acquired 8,936 shares of company stock valued at $4,973,534.
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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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