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DAILY MAIL AND GENERAL TRUST
Analysts at Numis reiterated a “buy” rating for the Daily Mail owner, and a target price of 1075p. DMGT last week reported a strong set of results for the half year to 31 March 2015. Revenues held no significant surprise, but profitability was strong, with the DMG media division’s margin a stand out.
Whitman Howard kept the utility firm’s “hold” rating, with a target price of 220p. Severn Trent’s full year 2014/2015 adjusted pre-tax profit and earnings per share are ahead of both Whitman’s and the market’s expectations. The drop in share price reflects some disappointment at the increase in net debt.