Shares of Domino's Pizza Group plc (LON:DOM - Get Free Report) dropped 17.6% during mid-day trading on Wednesday after Royal Bank Of Canada lowered their price target on the stock from GBX 350 to GBX 285. Royal Bank Of Canada currently has an outperform rating on the stock. Domino's Pizza Group traded as low as GBX 196.20 ($2.64) and last traded at GBX 202.80 ($2.73). Approximately 10,334,716 shares changed hands during trading, an increase of 432% from the average daily volume of 1,942,623 shares. The stock had previously closed at GBX 246 ($3.31).
A number of other research firms also recently issued reports on DOM. Shore Capital reissued an "under review" rating on shares of Domino's Pizza Group in a research report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Domino's Pizza Group from GBX 400 ($5.38) to GBX 309 ($4.16) and set a "buy" rating for the company in a research report on Tuesday. Finally, Jefferies Financial Group restated a "buy" rating and set a GBX 380 ($5.11) target price on shares of Domino's Pizza Group in a report on Tuesday.
View Our Latest Stock Analysis on DOM
Insider Activity at Domino's Pizza Group
In related news, insider Ian Bull purchased 7,500 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was purchased at an average price of GBX 212 ($2.85) per share, for a total transaction of £15,900 ($21,385.34). Insiders own 16.56% of the company's stock.
Domino's Pizza Group Stock Performance
The company has a quick ratio of 0.83, a current ratio of 0.86 and a debt-to-equity ratio of -562.33. The firm has a market cap of £803.13 million, a price-to-earnings ratio of 10.55, a PEG ratio of 5.24 and a beta of 0.95. The company has a 50 day moving average of GBX 248.82 and a 200 day moving average of GBX 269.88.
Domino's Pizza Group (LON:DOM - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported GBX 8.40 ($0.11) earnings per share (EPS) for the quarter. Domino's Pizza Group had a net margin of 11.44% and a negative return on equity of 67.25%. As a group, equities research analysts expect that Domino's Pizza Group plc will post 23.3281005 EPS for the current fiscal year.
Domino's Pizza Group Company Profile
(
Get Free Report)
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.
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