DCC (LON:DCC) Share Price Passes Below 200 Day Moving Average – Should You Sell?

DCC plc (LON:DCC)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,821.75 and traded as low as GBX 4,584. DCC shares last traded at GBX 4,640, with a volume of 27,021,305 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DCC shares. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 5,400 price target on shares of DCC in a research note on Tuesday, January 27th. UBS Group reiterated a “buy” rating and issued a GBX 6,500 price objective on shares of DCC in a report on Friday, January 23rd. Berenberg Bank reissued a “buy” rating and set a GBX 6,300 target price on shares of DCC in a research report on Thursday, February 5th. Finally, Panmure Gordon restated a “hold” rating and set a GBX 4,708 target price on shares of DCC in a research note on Monday, January 19th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 5,673.83.

DCC Stock Performance

The firm’s fifty day moving average price is GBX 4,815.90 and its 200-day moving average price is GBX 4,821.75. The company has a current ratio of 1.36, a quick ratio of 0.89 and a debt-to-equity ratio of 85.00. The firm has a market cap of £3.96 billion, a price-to-earnings ratio of -61.25, a PEG ratio of 4.37 and a beta of 0.59.

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.