Brokerages Set DCC plc (LON:DCC) PT at GBX 6,012.50

DCC plc (LON:DCC – Get Rating) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 6,012.50 ($73.37).

Several analysts have recently weighed in on the stock. Barclays lowered their target price on shares of DCC from GBX 5,550 ($67.72) to GBX 4,500 ($54.91) and set an “underweight” rating on the stock in a report on Friday, November 11th. Royal Bank of Canada decreased their price objective on shares of DCC from GBX 5,800 ($70.77) to GBX 4,800 ($58.57) and set a “sector perform” rating on the stock in a report on Monday, November 14th. Finally, Numis Securities initiated coverage on shares of DCC in a report on Thursday. They set a “buy” rating on the stock.

DCC Stock Up 1.4 %

Shares of LON:DCC opened at GBX 4,512 ($55.06) on Thursday. The company has a market cap of £4.46 billion and a price-to-earnings ratio of 1,371.43. The firm’s 50-day simple moving average is GBX 4,308.12 and its 200-day simple moving average is GBX 4,734.41. The company has a quick ratio of 0.89, a current ratio of 1.30 and a debt-to-equity ratio of 87.55. DCC has a fifty-two week low of GBX 3,986 ($48.64) and a fifty-two week high of GBX 6,508 ($79.41).

DCC Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 9th. Stockholders of record on Thursday, November 17th were given a GBX 60.04 ($0.73) dividend. This represents a dividend yield of 1.21%. The ex-dividend date was Thursday, November 17th. DCC’s dividend payout ratio is presently 53.43%.

About DCC

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DCC plc provides sales, marketing, and support services worldwide. The company's DCC LPG segment sells and markets liquefied petroleum gas (LPG), refrigerants, and natural gas. Its DCC Retail & Oil segment markets, sells, and retails transport and commercial fuels, heating oils, and related products and services; operates retail petrol stations; resells fuel cards; distributes oil; and provides inbound logistics, storage and filling, and outbound logistics services.