Berenberg Bank Begins Coverage on Domino's Pizza Group (LON:DOM)

Key Points

• Berenberg Bank initiated coverage of Domino’s Pizza Group with a “buy” rating and a GBX 291 price target, implying 32.09% upside from the prior close.
• Analyst sentiment is mixed: four analysts rate the shares “buy” and two rate them “sell,” resulting in an overall “hold” consensus and an average target of GBX 235.17.
• The stock traded up 3.7% to GBX 220.31, while insiders recently purchased shares; corporate insiders own 13.74% of the company.

Stock analysts at Berenberg Bank began coverage on shares of Domino's Pizza Group (LON:DOM - Get Free Report) in a note issued to investors on Tuesday, Digital Look reports. The brokerage set a "buy" rating and a GBX 291 price target on the stock. Berenberg Bank's price objective points to a potential upside of 32.09% from the company's previous close.

DOM has been the subject of several other research reports. Peel Hunt reaffirmed a "buy" rating and set a GBX 275 target price on shares of Domino's Pizza Group in a research note on Tuesday, August 4th. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 230 price target on shares of Domino's Pizza Group in a research note on Tuesday, August 18th. Shore Capital Group upgraded Domino's Pizza Group to a "buy" rating and set a GBX 270 price target on the stock in a report on Friday, August 21st. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating and set a GBX 178 price objective on shares of Domino's Pizza Group in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Domino's Pizza Group from GBX 145 to GBX 167 and gave the company an "underweight" rating in a research note on Wednesday, August 12th. Four research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of GBX 235.17.

Domino's Pizza Group Trading Up 3.7%

LON:DOM opened at GBX 220.31 on Tuesday. Domino's Pizza Group has a 52 week low of GBX 164.03 and a 52 week high of GBX 221.60. The company has a debt-to-equity ratio of -656.99, a quick ratio of 0.83 and a current ratio of 0.67. The firm's fifty day moving average is GBX 206.40 and its 200-day moving average is GBX 193.53. The firm has a market cap of £839.73 million, a P/E ratio of 14.31, a P/E/G ratio of 5.24 and a beta of 1.22.

Domino's Pizza Group (LON:DOM - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported GBX 8 earnings per share for the quarter. Domino's Pizza Group had a net margin of 8.40% and a negative return on equity of 69.64%. Equities analysts expect that Domino's Pizza Group will post 23.3281005 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Ian Bull acquired 15,700 shares of the company's stock in a transaction on Monday, August 10th. The shares were acquired at an average cost of GBX 200 per share, for a total transaction of £31,400. Also, insider Robyn Perriss acquired 4,850 shares of the business's stock in a transaction on Thursday, September 17th. The shares were purchased at an average cost of GBX 205 per share, for a total transaction of £9,942.50. Corporate insiders own 13.74% of the company's stock.

Domino's Pizza Group Company Profile

Domino's Pizza is the UK's leading pizza brand and a major player in the Republic of Ireland. We are part of the global Domino's system, the biggest pizza delivery operator in the world. We hold the exclusive master franchise rights in the UK & Ireland under a long term agreement with Domino's Pizza International Franchising Inc, the international arm of Domino's Pizza Inc, which owns the Domino's brand. Our core business is the UK & Ireland, where we have a clear number one market share. We operate a world-class supply chain, making fresh dough and acting as a scale and expert wholesaler of other food and non-food supplies to our franchisees.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.