DCC (LON:DCC) Hits New 52-Week High – Here’s What Happened

DCC plc (LON:DCC)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 6,345 and last traded at GBX 6,115, with a volume of 606774 shares changing hands. The stock had previously closed at GBX 5,950.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,100 target price on shares of DCC in a research note on Wednesday. UBS Group reaffirmed a “buy” rating and issued a GBX 6,500 price target on shares of DCC in a report on Friday, January 23rd. Deutsche Bank Aktiengesellschaft lifted their price target on DCC from GBX 5,500 to GBX 6,000 and gave the company a “hold” rating in a report on Wednesday. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 6,300 price target on shares of DCC in a report on Thursday, February 5th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 6,500 price target on shares of DCC in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, DCC presently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,963.29.

DCC Price Performance

The company has a fifty day simple moving average of GBX 5,151.54 and a two-hundred day simple moving average of GBX 4,952.75. The stock has a market capitalization of £5.23 billion, a P/E ratio of -80.85, a PEG ratio of 4.37 and a beta of 1.23. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 100.63.

DCC Company Profile

DCC is a customer-focused energy business, specialising in the sales, marketing, and distribution of secure, cleaner and competitive energy solutions to commercial, industrial, domestic, and transport customers. Headquartered in Dublin, DCC is listed on the London Stock Exchange and is a constituent of the FTSE 100.