DCC (DCC) Given New GBX 8,100 Price Target at Barclays

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DCC (LON:DCC) had its price objective upped by equities researchers at Barclays from GBX 7,800 ($101.92) to GBX 8,100 ($105.84) in a note issued to investors on Thursday, October 4th. The brokerage currently has an “overweight” rating on the stock. Barclays’ price objective points to a potential upside of 26.76% from the company’s previous close.

Several other equities analysts also recently commented on DCC. Peel Hunt reiterated an “add” rating on shares of DCC in a research note on Wednesday, June 13th. UBS Group reiterated a “buy” rating on shares of DCC in a research note on Wednesday, July 4th. Berenberg Bank reiterated a “buy” rating and issued a GBX 8,700 ($113.68) price objective on shares of DCC in a research note on Thursday, July 5th. Canaccord Genuity restated a “buy” rating and set a GBX 8,471 ($110.69) target price on shares of DCC in a research report on Friday, July 13th. Finally, Royal Bank of Canada restated an “outperform” rating and set a GBX 9,500 ($124.13) target price on shares of DCC in a research report on Friday, September 7th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of GBX 8,259.90 ($107.93).

DCC stock opened at GBX 6,390 ($83.50) on Thursday. DCC has a 12 month low of GBX 6,490 ($84.80) and a 12 month high of GBX 7,762.50 ($101.43).

About DCC

DCC plc provides sales, marketing, and support services worldwide. The company's DCC LPG segment sells and markets liquefied petroleum gas (LPG). This segment serves approximately 0.7 million customers. Its DCC Retail & Oil segment engages in the procurement, sale, marketing, and distribution of LPG; operation of retail petrol stations; and reselling of fuel cards.

Further Reading: Dividend Aristocrat Index

Analyst Recommendations for DCC (LON:DCC)

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