Domino's Pizza Group (LON:DOM) Stock Price Crosses Above Two Hundred Day Moving Average - Here's Why


Domino's Pizza Group (LON:DOM) Stock Price Crosses Above Two Hundred Day Moving Average   - Here's Why

Domino's Pizza Group plc (LON:DOM - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 313.04 ($3.95) and traded as high as GBX 341.80 ($4.31). Domino's Pizza Group shares last traded at GBX 340.60 ($4.29), with a volume of 745,193 shares changing hands.

DOM has been the subject of several research analyst reports. Shore Capital restated a "buy" rating on shares of Domino's Pizza Group in a research report on Wednesday, August 28th. Royal Bank of Canada dropped their target price on Domino's Pizza Group from GBX 400 ($5.04) to GBX 390 ($4.91) and set an "outperform" rating for the company in a research report on Tuesday, August 13th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, Domino's Pizza Group currently has an average rating of "Buy" and an average target price of GBX 431.25 ($5.43).

Check Out Our Latest Research Report on Domino's Pizza Group

The business's 50 day simple moving average is GBX 306.68 and its 200-day simple moving average is GBX 313.04. The company has a debt-to-equity ratio of 9,124.00, a current ratio of 0.86 and a quick ratio of 0.83. The stock has a market capitalization of £1.33 billion, a P/E ratio of 1,792.63, a PEG ratio of 5.24 and a beta of 0.95.

In related news, insider Edward Jamieson sold 14,073 shares of Domino's Pizza Group stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of GBX 332 ($4.18), for a total transaction of £46,722.36 ($58,881.36). 16.56% of the stock is owned by corporate insiders.

Domino's Pizza Group plc owns, operates, and franchises Domino's Pizza stores. It operates stores in the United Kingdom and the Republic of Ireland, as well as leases its stores. The company was formerly known as Domino's Pizza UK & IRL plc and changed its name to Domino's Pizza Group plc in May 2012.

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