DCC (LON:DCC) Upgraded to Outperform by Royal Bank of Canada

Royal Bank of Canada upgraded shares of DCC (LON:DCC) to an outperform rating in a report issued on Thursday, Marketbeat reports. The firm currently has GBX 5,800 ($74.06) target price on the stock, up from their previous target price of GBX 5,700 ($72.78).

Several other research analysts also recently weighed in on the company. JPMorgan Chase & Co. reiterated an overweight rating and issued a GBX 6,700 ($85.55) target price on shares of DCC in a research note on Thursday, June 6th. Deutsche Bank Aktiengesellschaft restated a buy rating and set a GBX 7,000 ($89.38) price objective on shares of DCC in a research report on Tuesday, May 7th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of Buy and an average price target of GBX 6,252.40 ($79.83).

DCC Stock Performance

LON DCC traded down GBX 20 ($0.26) during trading on Thursday, reaching GBX 5,275 ($67.35). The company’s stock had a trading volume of 104,909 shares, compared to its average volume of 186,034. The business’s fifty day moving average price is GBX 5,474.40 and its 200-day moving average price is GBX 5,605.11. DCC has a twelve month low of GBX 4,171 ($53.26) and a twelve month high of GBX 6,075 ($77.57). The company has a debt-to-equity ratio of 73.97, a quick ratio of 0.89 and a current ratio of 1.18. The firm has a market cap of £5.22 billion, a price-to-earnings ratio of 1,593.94, a P/E/G ratio of 4.37 and a beta of 0.74.

Insider Buying and Selling at DCC

In other news, insider Kevin Lucey sold 2,040 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of GBX 5,610 ($71.63), for a total value of £114,444 ($146,123.60). 0.23% of the stock is owned by corporate insiders.

About DCC

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.