DPC Holdings PLC (NYSE:DPC) Receives $52.38 Consensus PT from Brokerages

DPC Holdings PLC (NYSE:DPC) has earned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $52.3750.

Several research firms recently weighed in on DPC. Morgan Stanley initiated coverage on shares of DPC in a research note on Monday, July 20th. They set an “equal weight” rating and a $47.00 target price for the company. Wall Street Zen upgraded shares of DPC to a “hold” rating in a research note on Saturday, July 4th. Zacks Research raised shares of DPC to a “hold” rating in a report on Tuesday, July 21st. Royal Bank Of Canada started coverage on DPC in a research report on Monday, July 20th. They set an “outperform” rating and a $53.00 price objective for the company. Finally, Rothschild & Co Redburn began coverage on DPC in a report on Monday, July 20th. They issued a “buy” rating and a $53.50 target price on the stock.

DPC Stock Up 1.7%

Shares of NYSE DPC opened at $49.76 on Thursday. DPC has a 1-year low of $42.90 and a 1-year high of $53.50.

Insider Activity at DPC

In other news, COO Jason Mays acquired 85,973 shares of DPC stock in a transaction on Friday, June 26th. The shares were acquired at an average price of $33.00 per share, with a total value of $2,837,109.00. Following the purchase, the chief operating officer directly owned 93,456 shares in the company, valued at $3,084,048. The trade was a 1,148.91% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nick Sanders acquired 288,213 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were purchased at an average cost of $33.00 per share, for a total transaction of $9,511,029.00. Following the completion of the acquisition, the director directly owned 288,213 shares in the company, valued at approximately $9,511,029. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 2,297,621 shares of company stock valued at $75,821,493 in the last 90 days.