DCC (LON:DCC) Stock Crosses Below 200-Day Moving Average of $5,671.68

DCC plc (LON:DCC) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 5,671.68 ($71.74) and traded as low as GBX 5,575 ($70.52). DCC shares last traded at GBX 5,575 ($70.52), with a volume of 110,157 shares traded.

Analysts Set New Price Targets

DCC has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 7,000 ($88.54) target price on shares of DCC in a research report on Tuesday, May 7th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 6,700 ($84.75) target price on shares of DCC in a research report on Thursday, June 6th. Finally, Royal Bank of Canada upped their target price on DCC from GBX 5,700 ($72.10) to GBX 5,800 ($73.36) and gave the stock a “sector perform” rating in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, DCC presently has a consensus rating of “Moderate Buy” and an average price target of GBX 6,252.40 ($79.08).

DCC Price Performance

The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 73.97. The business has a 50-day moving average price of GBX 5,666.50 and a two-hundred day moving average price of GBX 5,670.51. The firm has a market capitalization of £5.56 billion, a price-to-earnings ratio of 1,703.03, a PEG ratio of 4.37 and a beta of 0.74.

DCC Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, July 18th. Stockholders of record on Thursday, May 23rd will be given a dividend of GBX 133.53 ($1.69) per share. This represents a dividend yield of 2.26%. This is a boost from DCC’s previous dividend of $63.04. The ex-dividend date of this dividend is Thursday, May 23rd. DCC’s dividend payout ratio is presently 5,969.70%.

Insider Transactions at DCC

In other news, insider Kevin Lucey sold 2,040 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of GBX 5,610 ($70.96), for a total transaction of £114,444 ($144,755.88). Insiders own 0.21% of the company’s stock.

DCC Company Profile

DCC plc provides sales, marketing, and support services worldwide. The company operates through DCC Energy, DCC Healthcare, and DCC Technology segments. It sells and markets liquefied petroleum gas (LPG), refrigerants, and natural gas; markets, sells, and retails transport and commercial fuels, heating oils, and related products and services; operates retail petrol stations; resells fuel cards; distributes oil; and provides logistics services.