UBS Group Cuts DCC (DCC) Price Target to GBX 8,000
DCC (LON:DCC) had its price objective decreased by analysts at UBS Group from GBX 8,500 ($111.07) to GBX 8,000 ($104.53) in a research report issued on Wednesday, investing.thisismoney.co.uk reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s target price indicates a potential upside of 41.34% from the stock’s current price.
Other analysts have also recently issued reports about the company. Berenberg Bank lowered their price objective on DCC from GBX 8,700 ($113.68) to GBX 8,350 ($109.11) and set a “buy” rating on the stock in a research report on Monday. JPMorgan Chase & Co. boosted their price objective on DCC from GBX 8,380 ($109.50) to GBX 8,640 ($112.90) and gave the company an “overweight” rating in a research report on Wednesday, November 14th. Peel Hunt lowered their price objective on DCC from GBX 8,149 ($106.48) to GBX 7,048 ($92.09) and set an “add” rating on the stock in a research report on Thursday, November 8th. Barclays boosted their price objective on DCC from GBX 7,800 ($101.92) to GBX 8,100 ($105.84) and gave the company an “overweight” rating in a research report on Thursday, October 4th. Finally, Canaccord Genuity restated a “buy” rating and set a GBX 8,540 ($111.59) price objective on shares of DCC in a research report on Thursday, September 27th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of GBX 8,426 ($110.10).
Shares of LON DCC opened at GBX 5,660 ($73.96) on Wednesday. DCC has a 12 month low of GBX 6,490 ($84.80) and a 12 month high of GBX 7,762.50 ($101.43).
DCC plc provides sales, marketing, and support services worldwide. The company's DCC LPG segment sells and markets liquefied petroleum gas (LPG). This segment serves approximately 0.7 million customers. Its DCC Retail & Oil segment engages in the procurement, sale, marketing, and distribution of LPG; operation of retail petrol stations; and reselling of fuel cards.
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