Goldman Sachs Group, Inc. (The) Lowers Dixons Carphone PLC (DC) Price Target to GBX 190
Dixons Carphone PLC (LON:DC) had its price target decreased by investment analysts at Goldman Sachs Group, Inc. (The) from GBX 305 ($3.94) to GBX 190 ($2.46) in a research report issued to clients and investors on Wednesday. The brokerage presently has a “neutral” rating on the stock. Goldman Sachs Group, Inc. (The)’s price target points to a potential upside of 5.67% from the stock’s current price.
Several other equities research analysts have also recently weighed in on DC. Investec reiterated a “not rated” rating on shares of Dixons Carphone PLC in a research report on Thursday, August 24th. Beaufort Securities reiterated a “buy” rating on shares of Dixons Carphone PLC in a research report on Friday, August 25th. HSBC Holdings plc cut shares of Dixons Carphone PLC to a “hold” rating and decreased their price objective for the stock from GBX 410 ($5.30) to GBX 200 ($2.59) in a research report on Friday, August 25th. Canaccord Genuity cut shares of Dixons Carphone PLC to a “hold” rating and decreased their price objective for the stock from GBX 395 ($5.11) to GBX 180 ($2.33) in a research report on Friday, August 25th. Finally, Barclays PLC reiterated an “overweight” rating and set a GBX 231 ($2.99) price objective on shares of Dixons Carphone PLC in a research report on Friday, August 25th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of GBX 341.69 ($4.42).
Shares of Dixons Carphone PLC (DC) opened at 177.10 on Wednesday. The stock’s 50 day moving average price is GBX 257.50 and its 200-day moving average price is GBX 298.86. The firm’s market cap is GBX 2.04 billion. Dixons Carphone PLC has a 12 month low of GBX 155.40 and a 12 month high of GBX 391.20.
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In other Dixons Carphone PLC news, insider Andrew Harrison sold 1,000,000 shares of the firm’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of GBX 278 ($3.60), for a total value of £2,780,000 ($3,595,447.49). Also, insider Tony DeNunzio acquired 50,000 shares of the company’s stock in a transaction on Friday, August 25th. The stock was acquired at an average cost of GBX 178 ($2.30) per share, for a total transaction of £89,000 ($115,106.05). Insiders acquired 88,216 shares of company stock worth $17,344,098 over the last ninety days.
About Dixons Carphone PLC
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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