DCC (LON:DCC) Reaches New 12-Month High – Here’s Why

Shares of DCC plc (LON:DCC) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 6,355 and last traded at GBX 6,355, with a volume of 611636 shares traded. The stock had previously closed at GBX 6,275.

Analyst Upgrades and Downgrades

A number of research firms have commented on DCC. Berenberg Bank upped their price target on DCC from GBX 6,300 to GBX 6,700 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 6,500 target price on shares of DCC in a report on Thursday, June 11th. Jefferies Financial Group restated a “buy” rating and issued a GBX 6,100 target price on shares of DCC in a report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of DCC from GBX 5,500 to GBX 6,000 and gave the company a “hold” rating in a report on Wednesday, May 20th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, DCC currently has a consensus rating of “Moderate Buy” and an average price target of GBX 6,020.43.

DCC Stock Performance

The company has a debt-to-equity ratio of 100.63, a quick ratio of 0.89 and a current ratio of 1.20. The company has a market capitalization of £5.43 billion, a price-to-earnings ratio of 450.07, a P/E/G ratio of 4.37 and a beta of 0.73. The stock’s 50-day moving average price is GBX 6,049.40 and its 200-day moving average price is GBX 5,258.80.

DCC Company Profile

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.