Domino’s Pizza Group PLC. 23.6% Potential Upside Indicated by Numis Posted by: Ruth Bannister 16th December 2015
Domino’s Pizza Group PLC. using EPIC/TICKER code LON:DOM has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at Numis. Domino’s Pizza Group PLC. are listed in the Consumer Services sector within UK Main Market. Numis have set their target price at 1200 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 23.6% from the opening price of 970.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 95.5 points and increased 79 points respectively.
Domino’s Pizza Group PLC. LON:DOM has a 50 day moving average of 1,041.55 GBX and the 200 Day Moving Average price is recorded at 886.58 GBX. The 1 year high for the stock price is 1121 GBX while the 52 week low is 648 GBX. There are currently 171,130,650 shares in issue with the average daily volume traded being 221,434. Market capitalisation for LON:DOM is £1,695,288,696 GBP.
Domino’s Pizza Group PLC. is a United Kingdom-based pizza delivery company. The Company operates in four geographical business segments, which include United Kingdom, Ireland, Germany and Switzerland. The Company operates approximately 894 stores across its four markets, of which 813 are in United Kingdom; 48 in Republic of Ireland; 22 in Germany, and 11 in Switzerland.
<b>Domino's Pizza Group PLC.’s (DOM) Buy Rating Reaffirmed at Numis Securities Ltd December 16th, 2015,</b>
Domino's Pizza Group PLC. logoDomino's Pizza Group PLC. (LON:DOM)‘s stock had its “buy” rating restated by equities research analysts at Numis Securities Ltd in a report released on Wednesday, MarketBeat reports. They currently have a GBX 1,200 ($18.08) price target on the stock. Numis Securities Ltd’s price target would suggest a potential upside of 21.21% from the stock’s current price.
DOM has been the subject of several other reports. N+1 Singer reaffirmed a “hold” rating and issued a GBX 903 ($13.61) price objective on shares of Domino's Pizza Group PLC. in a research note on Wednesday, August 19th. Barclays reiterated an “overweight” rating and set a GBX 850 ($12.81) target price on shares of Domino's Pizza Group PLC. in a report on Wednesday. Peel Hunt reiterated an “add” rating and set a GBX 1,000 ($15.07) target price on shares of Domino's Pizza Group PLC. in a report on Thursday, November 19th. Canaccord Genuity reiterated a “hold” rating and set a GBX 965 ($14.54) target price on shares of Domino's Pizza Group PLC. in a report on Monday, September 21st. Finally, Citigroup Inc. reiterated a “neutral” rating and set a GBX 760 ($11.45) target price on shares of Domino's Pizza Group PLC. in a report on Monday, September 7th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of GBX 1,002.13 ($15.10).
Domino's Pizza Group PLC. (LON:DOM) traded up 2.17% during midday trading on Wednesday, reaching GBX 990.00. The company’s stock had a trading volume of 744,174 shares. The firm’s market cap is GBX 1.64 billion. Domino's Pizza Group PLC. has a 1-year low of GBX 652.50 and a 1-year high of GBX 1,121.00. The company has a 50 day moving average price of GBX 1,047.30 and a 200 day moving average price of GBX 907.75.
Domino’s Pizza Group plc is a United Kingdom-based pizza delivery company. The Company operates in four geographical business segments, which include United Kingdom, Ireland, Germany and Switzerland. The Company operates approximately 894 stores across its four markets, of which 813 are in United Kingdom; 48 in Republic of Ireland; 22 in Germany, and 11 in Switzerland. Revenue included in each geographical segment includes all sales (LON:DOM) made to franchise stores and by corporate stores located in that segment. The Ireland segment includes both the Republic of Ireland and Northern Ireland as both of these territories are served by the same Supply Chain Centre. The Company operates two Supply Chain Centers.
<b>Domino’s Pizza delivers with German deal Takeaway pizza chain Domino’s Pizza (DOM) has acquired Joey’s Pizza, the largest pizza delivery operator in Germany.</b>
<b><i>Numis analyst Douglas Jack retained his ‘buy’ recommendation and target price of £12.00 on the shares, which rose 2.2% to 990p yesterday.
‘Domino’s Pizza UK has formed a strategic joint venture with [Australian group] Domino’s Pizza Enterprises, which is to acquire Joey’s Pizza. The joint venture will be one-third owned by DOM and two-thirds by Domino’s Pizza Enterprises, who have an excellent track record in Australia, New Zealand, Japan, Holland, Belgium and France,’ he said.
‘In addition to the 5.4% average profit before tax upgrade we are making today, we believe these transactions should materially increase the probability of success in Germany.’
Jack added that the transaction ‘makes strategic sense, creating the leading pizza delivery business in Germany’.
‘It can leverage pan-European buying power, utilise Domino’s Pizza Enterprises’ regional infrastructure expertise, and remove a potential distraction for the UK management team. Our forecast upgrade also reflects the opening of 55 stores in the UK in 2015, ahead of previous guidance and forecasts of 50 stores.’</i></b>
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