Berenberg Bank Cuts Dialight (DIA) Price Target to GBX 420

Dialight (LON:DIA) had its price objective lowered by Berenberg Bank from GBX 530 ($7.13) to GBX 420 ($5.65) in a report issued on Friday morning. The firm currently has a sell rating on the stock.

DIA has been the topic of several other research reports. Peel Hunt cut their price target on Dialight from GBX 920 ($12.38) to GBX 720 ($9.69) and set a hold rating on the stock in a report on Tuesday, October 24th. N+1 Singer cut their price target on Dialight from GBX 710 ($9.56) to GBX 630 ($8.48) and set a hold rating on the stock in a report on Friday.

Dialight (LON DIA) opened at GBX 570 ($7.67) on Friday. Dialight has a fifty-two week low of GBX 530.53 ($7.14) and a fifty-two week high of GBX 1,115 ($15.01).

In related news, insider Michael Sutsko acquired 1,500 shares of the stock in a transaction dated Monday, October 30th. The stock was purchased at an average cost of GBX 637 ($8.57) per share, with a total value of £9,555 ($12,860.03). Also, insider Luis Ramirez acquired 1,084 shares of the stock in a transaction dated Monday, November 6th. The stock was bought at an average cost of GBX 690 ($9.29) per share, with a total value of £7,479.60 ($10,066.76). In the last quarter, insiders acquired 5,804 shares of company stock worth $3,828,660.

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About Dialight

Dialight plc is a holding company. The Company manufactures and sells lighting products in the industrial market. It operates through two segments: Lighting, and Signals and Components. Its Lighting segment develops, manufactures and supplies light emitting diode (LED) lighting solutions for hazardous and industrial applications, and includes anti-collision obstruction lighting.

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