Dairy Crest’s (DCG LN, BUY, T/P 680p) recent share price weakness – which leaves 25% upside to our recently revised price target – is, in our view, unjustified. With leading brands in both cheese and cooking oil, as well as phenomenal performance in spreads H1 performance, any suggestion that Dairy Crest should be a slave to dividend yield is in our opinion wrong. We raise our recommendation from HOLD to BUY.
15 Nov 2017
Recent Share Price Weakness Unjustified - Upgrade to BUY
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Recent Share Price Weakness Unjustified - Upgrade to BUY
Dairy Crest Group (DCG:LON) | 0 0 0.5% | Mkt Cap: 811.3m
- Published:
15 Nov 2017 -
Author:
Chris Wickham -
Pages:
5
Dairy Crest’s (DCG LN, BUY, T/P 680p) recent share price weakness – which leaves 25% upside to our recently revised price target – is, in our view, unjustified. With leading brands in both cheese and cooking oil, as well as phenomenal performance in spreads H1 performance, any suggestion that Dairy Crest should be a slave to dividend yield is in our opinion wrong. We raise our recommendation from HOLD to BUY.