DCC (LON:DCC) Hits New 52-Week High – Should You Buy?

DCC plc (LON:DCC) hit a new 52-week high during trading on Friday . The stock traded as high as GBX 5,315 and last traded at GBX 5,300, with a volume of 4425239 shares. The stock had previously closed at GBX 5,215.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 6,300 target price on shares of DCC in a research note on Thursday, February 5th. Panmure Gordon reiterated a “hold” rating and set a GBX 4,708 target price on shares of DCC in a research note on Monday, January 19th. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 5,400 target price on shares of DCC in a research note on Tuesday, January 27th. Finally, UBS Group reiterated a “buy” rating and set a GBX 6,500 target price on shares of DCC in a research note on Friday, January 23rd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, DCC currently has an average rating of “Moderate Buy” and a consensus price target of GBX 5,673.83.

DCC Price Performance

The company has a 50 day moving average of GBX 4,906.46 and a 200-day moving average of GBX 4,839.21. The firm has a market capitalization of £4.52 billion, a P/E ratio of -69.82, a P/E/G ratio of 4.37 and a beta of 0.62. The company has a current ratio of 1.36, a quick ratio of 0.89 and a debt-to-equity ratio of 85.00.

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.