|Bid||0.00 x 85100|
|Ask||0.00 x 15400|
|Day's range||939.50 - 1,026.16|
|52-week range||735.50 - 2,777.00|
|PE ratio (TTM)||8.66|
|Earnings date||6 Mar 2018 - 12 Mar 2018|
|Forward dividend & yield||0.24 (2.58%)|
|1y target est||1,137.00|
One of the U.K.’s worst-performing stocks this year is showing a few signs of life as more customers than anticipated chose regular-priced funerals over budget options.
More bereaved Brits are opting for full-price funerals than anticipated, breathing a little life into the shares of one of the U.K.’s worst performing stocks so far in 2018.
Dignity, which operates from 792 locations and which in 2017 conducted 68,800 funerals, is the UK's second largest operator after the Co-operative Group. The move has hit Dignity's market share, with the number of funerals conducted by the company in 2017 falling for a second consecutive year, in spite of the number of reported deaths last year remaining constant at 590,000. The price of a simple funeral has been cut to £1,995 in England and Wales and to £1,695 in Scotland.
Britain's biggest floor coverings retailer Carpetright (Other OTC: CGHXF - news) lost almost half of its stock market value on Friday after it warned on full-year profit, blaming a post-Christmas drop in sales on waning consumer confidence. With (Other OTC: WWTH - news) official data confirming 2017 as the weakest year for UK retail since 2013, Carpetright's profit alert will stoke fears Britons have further reined-in spending on big ticket items at the start of 2018.
Dignity, which is Britain's largest listed funeral service provider, said families were becoming "increasingly price-conscious" and that it would reduce prices for simple funerals by around 25 percent. Rival Co-op Funeralcare -- part of mutually-owned Co-Operative Group (42TE.L) -- cut its prices in September. The comments from Dignity illustrate that its industry is not immune to the pressures facing Britons as higher inflation and subdued wage rises leave them with less money to spend.
Shares (Berlin: DI6.BE - news) in British funeral services company Dignity (Other OTC: DGNTY - news) lost half their value on Friday after it warned results for 2018 would be substantially below market expectations as it is forced to cut some of its prices. Dignity, which is Britain's largest listed funeral service provider, said families were becoming "increasingly price-conscious" and that it would reduce prices for simple funerals by around 25 percent.
Dignity Plc, the U.K.’s largest provider of funeral services and the only one publicly traded, dropped on Monday after the company noted a flattening death rate and increased competition in the third quarter....
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