Berenberg Bank Reiterates Sell Rating for Dialight (DIA)

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Dialight (LON:DIA)‘s stock had its “sell” rating reiterated by stock analysts at Berenberg Bank in a research report issued on Thursday. They presently have a GBX 420 ($5.42) price target on the stock, down from their prior price target of GBX 530 ($6.84). Berenberg Bank’s target price points to a potential downside of 17.65% from the company’s previous close.

Separately, Peel Hunt lowered their price target on shares of Dialight from GBX 600 ($7.74) to GBX 550 ($7.09) and set a “hold” rating for the company in a research report on Monday, July 30th.

DIA traded up GBX 8 ($0.10) during midday trading on Thursday, hitting GBX 510 ($6.58). The company had a trading volume of 8,508 shares, compared to its average volume of 18,356. Dialight has a twelve month low of GBX 500 ($6.45) and a twelve month high of GBX 1,099 ($14.18).

Dialight (LON:DIA) last posted its quarterly earnings data on Monday, July 30th. The company reported GBX 6.40 ($0.08) earnings per share for the quarter. Dialight had a net margin of 2.80% and a return on equity of 5.89%.

In other Dialight news, insider Steve Good purchased 7,500 shares of the stock in a transaction dated Wednesday, August 8th. The stock was bought at an average price of GBX 560 ($7.22) per share, for a total transaction of £42,000 ($54,179.57).

Dialight Company Profile

Dialight plc, together with its subsidiaries, primarily develops, manufactures, and supplies LED lighting solutions for use in hazardous and industrial applications in North America, the United Kingdom and rest of Europe, and internationally. The company operates in two segments, Lighting; and Signals and Components.

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