Economy

UK's Dairy Crest says expects higher half-year profit

UK's Dairy Crest says expects higher half-year profit”

Investec raised shares of Dairy Crest Group plc to a buy rating and set a GBX 600 ($7.75) price objective on the stock in a research note on Tuesday, July 18th.

Dairy Crest said higher cream prices in particular had forced it to reduce promotions on its Country Life butter and that while this had hit the amount of the product it was selling, it had mitigated the rising costs of production. The last closing price is up 3.58% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period.

Shares of Dairy Crest Group plc (LON DCG) opened at 612.50 on Friday. Peel Hunt maintained Dairy Crest Group plc (LON:DCG) rating on Monday, January 9. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Credit Suisse has "Neutral" rating and GBX 620 target. The correct version of this news story can be viewed at https://stocknewstimes.com/2017/09/18/dairy-crest-group-plcs-dcg-add-rating-reaffirmed-at-numis-securities-ltd.html. HSBC maintained Dairy Crest Group plc (LON:DCG) rating on Monday, August 17. The rating was maintained by JP Morgan with "Neutral" on Monday, November 14. The rating was maintained by Whitman Howard with "Hold" on Thursday, February 9. Jefferies has "Buy" rating and GBX 640 target. Dairy Crest Group plc has a 12-month low of GBX 539.50 and a 12-month high of GBX 679.00. Dairy Crest Group plc (LON:DCG) has 0.00% since September 18, 2016 and is.

About 24,912 shares traded. It has underperformed by 16.70% the S&P500. The company has market cap of 869.03 million GBP.

Dairy Crest Group plc is a United Kingdom dairy company. "The strength of our brands and focus on quality, innovation and efficiencies mean that we remain well positioned to deal with market conditions", Allen added.

Most notably, Cathedral City cheddar cheese is expected to deliver double-digit volume growth in the first half, Dairy Crest said, while Clover margarine and Frylight cooking spray also continued to show strong volume growth. It has a 26.26 P/E ratio. The Company's segments include Cheese, Spreads and Other.

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