DCC (LON:DCC) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

DCC plc (LON:DCCGet Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,892.88 and traded as high as GBX 5,820. DCC shares last traded at GBX 5,765, with a volume of 62,679,645 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DCC shares. Jefferies Financial Group restated a “buy” rating and issued a GBX 6,100 target price on shares of DCC in a research note on Thursday, April 30th. UBS Group reaffirmed a “buy” rating and issued a GBX 6,500 price target on shares of DCC in a research report on Friday, January 23rd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 6,300 price target on shares of DCC in a research report on Thursday, February 5th. Panmure Gordon reaffirmed a “hold” rating and issued a GBX 4,708 price target on shares of DCC in a research report on Monday, January 19th. Finally, Royal Bank Of Canada raised shares of DCC to a “sector perform” rating and raised their price target for the company from GBX 5,400 to GBX 6,500 in a research report on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, DCC presently has an average rating of “Moderate Buy” and an average target price of GBX 5,891.86.

Check Out Our Latest Analysis on DCC

DCC Stock Performance

The firm has a market cap of £4.91 billion, a P/E ratio of -75.90, a PEG 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. The company’s 50-day moving average is GBX 4,984.55 and its two-hundred day moving average is GBX 4,892.88.

DCC Company Profile

(Get Free Report)

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.

Further Reading

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