DCC (LON:DCC) had its target price cut by Royal Bank of Canada from GBX 9,500 ($124.13) to GBX 9,000 ($117.60) in a research report sent to investors on Friday morning, ThisIsMoney.Co.Uk reports. They currently have an outperform rating on the stock.
A number of other research firms have also weighed in on DCC. Berenberg Bank reissued a hold rating and set a GBX 900 ($11.76) target price on shares of WPP in a report on Friday, July 12th. Barclays set a $14.00 target price on shares of Coty and gave the stock a hold rating in a report on Thursday, June 27th. UBS Group reissued a hold rating and set a $145.00 target price on shares of Baidu in a report on Friday, July 5th. JPMorgan Chase & Co. reissued a neutral rating on shares of Anglo American in a report on Wednesday, May 15th. Finally, Peel Hunt lowered shares of Senior to a hold rating and reduced their target price for the stock from GBX 260 ($3.40) to GBX 230 ($3.01) in a report on Friday, July 12th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. DCC currently has an average rating of Buy and an average target price of GBX 8,204.75 ($107.21).
DCC opened at GBX 6,884 ($89.95) on Friday. DCC has a fifty-two week low of GBX 5,555 ($72.59) and a fifty-two week high of GBX 7,450 ($97.35). The company has a quick ratio of 1.12, a current ratio of 1.42 and a debt-to-equity ratio of 73.31. The company has a market cap of $6.77 billion and a price-to-earnings ratio of 24.61. The stock’s 50 day simple moving average is GBX 6,941.52.
The company also recently declared a dividend, which was paid on Thursday, July 18th. Stockholders of record on Thursday, May 23rd were given a GBX 93.37 ($1.22) dividend. The ex-dividend date was Thursday, May 23rd. This represents a dividend yield of 1.39%. This is an increase from DCC’s previous dividend of $44.98. DCC’s payout ratio is 0.49%.
In other news, insider Donal Murphy purchased 2,651 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were purchased at an average price of GBX 7,025 ($91.79) per share, for a total transaction of £186,232.75 ($243,346.07).
DCC plc provides sales, marketing, and support services worldwide. The company's DCC LPG segment sells and markets liquefied petroleum gas (LPG). This segment serves approximately 0.7 million customers. Its DCC Retail & Oil segment engages in the procurement, sale, marketing, and distribution of LPG; operation of retail petrol stations; and reselling of fuel cards.
Further Reading: Price-Sales Ratio
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