DCC plc (LON:DCC – Get Free Report) shares fell below their 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 5,618.42 ($71.80) and has traded as low as GBX 5,070 ($64.79). DCC shares were last traded at GBX 5,185 ($66.26) with volume of 155,463 shares changing hands.
Wall Street analysts predict growth
Several research firms have commented on DCC. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 6,700 ($85.62) price target on DCC shares in a research note on Thursday, June 6. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 7,000 ($89.46) price target on DCC shares in a research note on Tuesday, May 7. Finally, Royal Bank of Canada increased their price target on DCC from GBX 5,700 ($72.84) to GBX 5,800 ($74.12) and gave the stock a “sector perform” rating in a research note on Wednesday, May 15. One equities research analyst has rated the stock with a “hold” rating and four have given a “buy” rating. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of GBX 6,252.40 (USD 79.90).
Check out our latest report on DCC
DCC trading down 0.4%
The company has a 50 day moving average of GBX 5,508.30 and a 200 day moving average of GBX 5,618.42. The company has a market capitalization of £5.11 billion, a price to earnings ratio of 1,571.21, a PEG ratio of 4.37 and a beta of 0.74. The company has a debt to equity ratio of 73.97, a quick ratio of 0.89 and a current ratio of 1.18.
DCC increases dividend
The company also recently announced a dividend, which was paid on Thursday, July 18th. Shareholders on the share register on Thursday, May 23rd were paid a dividend of £133.53 (US$1.71) per share, representing a yield of 2.26%. The ex-dividend date was Thursday, May 23rd, an increase from DCC’s previous dividend of US$63.04. DCC’s dividend payout ratio is 5,969.70%.
Insider buying and selling at DCC
In other DCC news, insider Kevin Lucey sold 2,040 shares of the company’s stock on Thursday, May 23. The shares were sold at an average price of GBX 5,610 ($71.69), for a total transaction of £114,444 ($146,254.31). 0.21% of the shares are owned by insiders.
About DCC
(Get free report)
DCC plc provides sales, marketing and support services worldwide. The company operates through the DCC Energy, DCC Healthcare and DCC Technology segments. It sells and markets liquefied petroleum gas (LPG), refrigerants and natural gas; it markets, resells and resells transport and commercial fuels, heating oils and related products and services; it operates petrol stations; resells fuel cards; distributes oil; and provides logistics services.
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