Berenberg Bank Cuts Dignity (LON:DTY) Price Target to GBX 570

Dignity (LON:DTY) had its price target decreased by analysts at Berenberg Bank from GBX 700 ($9.15) to GBX 570 ($7.45) in a research report issued on Friday, Digital Look reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 9.09% from the stock’s previous close.

Separately, Peel Hunt reiterated a “sell” rating on shares of Dignity in a research note on Monday, July 29th.

Dignity stock traded down GBX 12.50 ($0.16) during trading on Friday, hitting GBX 522.50 ($6.83). The stock had a trading volume of 181,328 shares, compared to its average volume of 574,863. Dignity has a 1 year low of GBX 529.01 ($6.91) and a 1 year high of GBX 1,125 ($14.70). The company has a debt-to-equity ratio of 850.30, a quick ratio of 1.08 and a current ratio of 1.28. The company’s 50 day moving average price is GBX 635.81. The firm has a market cap of $261.32 million and a PE ratio of 21.24.

Dignity Company Profile

Dignity plc, together with its subsidiaries, provides funeral services in the United Kingdom. It operates in three segments: Funeral Services, Crematoria, and Pre–arranged Funeral Plans. The Funeral Services segment provides funerals and ancillary items, such as memorials and floral tributes. The Crematoria segment offers cremation services, as well as sells memorials and burial plots at the company operated crematoria and cemeteries.

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