DCC (LON:DCC) Shares Cross Above 200-Day Moving Average – Here’s Why

DCC plc (LON:DCC)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 5,212.89 and traded as high as GBX 6,215. DCC shares last traded at GBX 6,090, with a volume of 808,398 shares traded.

Analyst Ratings Changes

Several brokerages have recently issued reports on DCC. Berenberg Bank boosted their price objective on shares of DCC from GBX 6,300 to GBX 6,700 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,100 target price on shares of DCC in a report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft boosted their price target on DCC from GBX 5,500 to GBX 6,000 and gave the company a “hold” rating in a research report on Wednesday, May 20th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a GBX 6,500 price target on shares of DCC in a research note on Thursday, June 11th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, DCC presently has an average rating of “Moderate Buy” and an average target price of GBX 6,020.43.

DCC Trading Down 1.6%

The company has a debt-to-equity ratio of 100.63, a current ratio of 1.20 and a quick ratio of 0.89. The business’s 50-day simple moving average is GBX 5,968.67 and its two-hundred day simple moving average is GBX 5,212.89. The stock has a market capitalization of £5.20 billion, a price-to-earnings ratio of 431.30, a PEG ratio of 4.37 and a beta of 0.73.

About DCC

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.