DCC (LON:DCC) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

DCC plc (LON:DCC)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 4,777.39 and traded as low as GBX 4,620. DCC shares last traded at GBX 4,640.91, with a volume of 187,687 shares trading hands.

Analyst Upgrades and Downgrades

DCC has been the subject of several analyst reports. Panmure Gordon restated a “hold” rating and set a GBX 4,708 price target on shares of DCC in a report on Monday, January 19th. UBS Group restated a “buy” rating and set a GBX 6,500 price objective on shares of DCC in a research note on Friday, January 23rd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 6,700 target price on shares of DCC in a report on Tuesday, November 11th. Peel Hunt reiterated a “buy” rating and set a GBX 5,635 price target on shares of DCC in a report on Tuesday, November 11th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 5,400 price target on shares of DCC in a research report on Tuesday, January 27th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 5,740.50.

DCC Trading Up 4.4%

The company has a current ratio of 1.31, a quick ratio of 0.89 and a debt-to-equity ratio of 77.99. The stock has a market capitalization of £4.14 billion, a PE ratio of -63.94, a P/E/G ratio of 4.37 and a beta of 0.74. The stock has a 50 day moving average price of GBX 4,724.62 and a 200-day moving average price of GBX 4,777.39.

About DCC

DCC plc is a leading international sales, marketing and support services group operating in 22 countries, supplying products and services used by millions of people every day. Headquartered in Dublin, the Group operates across three sectors: energy, healthcare and technology, employing over 16,000 people. DCC plc is listed on the London Stock Exchange and is a constituent of the FTSE 100.