Domino’s Pizza Group (LON:DOM) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Domino’s Pizza Group plc (LON:DOM) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 189.07 and traded as high as GBX 203. Domino’s Pizza Group shares last traded at GBX 200.94, with a volume of 62,923,621 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DOM shares. Peel Hunt dropped their target price on Domino’s Pizza Group from GBX 350 to GBX 275 and set a “buy” rating for the company in a research report on Tuesday, November 25th. Royal Bank Of Canada lowered their price objective on shares of Domino’s Pizza Group from GBX 285 to GBX 250 and set an “outperform” rating for the company in a research note on Friday, January 23rd. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of Domino’s Pizza Group in a research note on Tuesday, November 25th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 285.

Domino’s Pizza Group Stock Performance

The stock’s 50-day simple moving average is GBX 180.84 and its 200 day simple moving average is GBX 189.07. The company has a debt-to-equity ratio of -562.33, a quick ratio of 0.83 and a current ratio of 0.86. The company has a market capitalization of £766.79 million, a PE ratio of 10.15, a P/E/G ratio of 5.24 and a beta of 0.95.

Insider Activity

In other Domino’s Pizza Group news, insider Ian Bull bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was purchased at an average price of GBX 172 per share, for a total transaction of £34,400. Corporate insiders own 11.76% of the company’s stock.

Domino’s Pizza Group Company Profile

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. Our core business is the UK & Ireland, where we have a clear number one market share. We operate a world-class supply chain, making fresh dough and acting as a scale and expert wholesaler of other food and non-food supplies to our franchisees.