Dixons Carphone PLC (DC) Earns Outperform Rating from Credit Suisse Group
Credit Suisse Group reaffirmed their outperform rating on shares of Dixons Carphone PLC (LON:DC) in a research report sent to investors on Friday morning. Credit Suisse Group currently has a GBX 280 ($3.62) target price on the stock.
Several other brokerages have also recently commented on DC. Deutsche Bank AG restated a buy rating and set a GBX 400 ($5.17) target price on shares of Dixons Carphone PLC in a report on Monday, August 14th. HSBC Holdings plc cut their price target on shares of Dixons Carphone PLC from GBX 450 ($5.82) to GBX 430 ($5.56) and set a buy rating for the company in a research note on Wednesday, May 17th. Liberum Capital reiterated a buy rating and issued a GBX 430 ($5.56) price target on shares of Dixons Carphone PLC in a research note on Wednesday, May 17th. Investec reiterated a buy rating and issued a GBX 405 ($5.24) price target on shares of Dixons Carphone PLC in a research note on Wednesday, June 28th. Finally, Canaccord Genuity reiterated a buy rating and issued a GBX 395 ($5.11) price target on shares of Dixons Carphone PLC in a research note on Wednesday, June 28th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Dixons Carphone PLC presently has a consensus rating of Buy and an average target price of GBX 341.69 ($4.42).
Dixons Carphone PLC (LON DC) opened at 169.20 on Friday. The company has a 50-day moving average of GBX 244.80 and a 200 day moving average of GBX 294.23. Dixons Carphone PLC has a one year low of GBX 155.40 and a one year high of GBX 391.20. The company’s market cap is GBX 1.95 billion.
The business also recently disclosed a dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th will be given a GBX 7.75 ($0.10) dividend. This represents a dividend yield of 2.64%. The ex-dividend date is Thursday, August 24th.
In other news, insider Andrew Harrison sold 1,000,000 shares of the stock in a transaction dated 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 Lord Livingston acquired 19,087 shares of the company’s stock in a transaction dated Friday, July 14th. The stock was bought at an average cost of GBX 260 ($3.36) per share, for a total transaction of £49,626.20 ($64,182.88). Insiders bought 88,216 shares of company stock worth $17,344,098 over the last three months.
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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