Dixons Carphone PLC (DC) Downgraded to Hold at Canaccord Genuity
Canaccord Genuity downgraded shares of Dixons Carphone PLC (LON:DC) to a hold rating in a research report sent to investors on Friday. Canaccord Genuity currently has GBX 180 ($2.33) target price on the stock, down from their previous target price of GBX 395 ($5.11).
DC has been the topic of a number of other reports. Credit Suisse Group lowered their price objective on shares of Dixons Carphone PLC from GBX 420 ($5.43) to GBX 400 ($5.17) and set an outperform rating on the stock in a report on Monday, July 3rd. Deutsche Bank AG reiterated a buy rating and issued a GBX 420 ($5.43) price objective on shares of Dixons Carphone PLC in a report on Wednesday, June 7th. Barclays PLC lifted their price objective on shares of Dixons Carphone PLC from GBX 370 ($4.79) to GBX 400 ($5.17) and gave the company an overweight rating in a report on Thursday, June 29th. Numis Securities Ltd reiterated a hold rating and issued a GBX 350 ($4.53) price objective on shares of Dixons Carphone PLC in a report on Thursday, May 25th. Finally, Liberum Capital reiterated an under review rating on shares of Dixons Carphone PLC in a report on Thursday, August 24th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of GBX 349.50 ($4.52).
Shares of Dixons Carphone PLC (LON:DC) opened at 182.50 on Friday. Dixons Carphone PLC has a 12 month low of GBX 155.40 and a 12 month high of GBX 391.20. The company’s 50-day moving average is GBX 257.50 and its 200-day moving average is GBX 298.86. The firm’s market cap is GBX 2.10 billion.
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The company also recently announced a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 24th will be paid a GBX 7.75 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a dividend yield of 2.64%.
In other news, insider Lord Livingston bought 19,087 shares of the firm’s stock in a transaction that occurred on Friday, July 14th. The stock was acquired at an average cost of GBX 260 ($3.36) per share, with a total value of £49,626.20 ($64,182.88). Also, insider Andrew Harrison sold 61,219 shares of the firm’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of GBX 288 ($3.72), for a total transaction of £176,310.72 ($228,027.32).
Dixons Carphone PLC Company Profile
Dixons Carphone plc (Dixons Carphone) is an electrical and telecommunications retailer and services company. The Company operates through four segments: UK & Ireland, Nordics, Southern Europe and Connected World Services (CWS). Dixons Carphone offers a range of electrical and mobile products, connectivity and expert after-sales services from the Geek Squad and KNOWHOW.
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