DCC (LON:DCC) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of DCC plc (LON:DCC) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 4,818.89 and traded as low as GBX 4,694. DCC shares last traded at GBX 4,784, with a volume of 23,548,285 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DCC shares. UBS Group reiterated a “buy” rating and issued a GBX 6,500 price objective on shares of DCC in a research note on Friday, January 23rd. Berenberg Bank reiterated a “buy” rating and issued 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 issued a GBX 4,708 price objective on shares of DCC in a research report on Monday, January 19th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 5,400 price objective on shares of DCC in a research note on Tuesday, January 27th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 5,673.83.

DCC Stock Performance

The company has a debt-to-equity ratio of 85.00, a current ratio of 1.36 and a quick ratio of 0.89. The company has a market cap of £4.09 billion, a price-to-earnings ratio of -63.15, a price-to-earnings-growth ratio of 4.37 and a beta of 0.59. The stock has a 50-day moving average price of GBX 4,839.48 and a 200 day moving average price of GBX 4,818.89.

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.