DCC (LON:DCC) Stock Crosses Below 200-Day Moving Average – Here’s Why

DCC plc (LON:DCC)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,821.75 and traded as low as GBX 4,584. DCC shares last traded at GBX 4,640, with a volume of 27,021,305 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DCC shares. Panmure Gordon reissued a “hold” rating and issued a GBX 4,708 price target on shares of DCC in a research report on Monday, January 19th. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 5,400 target price on shares of DCC in a research note on Tuesday, January 27th. Berenberg Bank reiterated a “buy” rating and issued a GBX 6,300 target price on shares of DCC in a report on Thursday, February 5th. Finally, UBS Group reissued a “buy” rating and set a GBX 6,500 target price on shares of DCC in a research report on Friday, January 23rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, DCC currently has an average rating of “Moderate Buy” and a consensus price target of GBX 5,673.83.

DCC Trading Down 1.0%

The company has a market capitalization of £3.93 billion, a P/E ratio of -60.74, a P/E/G ratio of 4.37 and a beta of 0.59. The company has a 50-day simple moving average of GBX 4,820.92 and a 200 day simple moving average of GBX 4,819.55. The company has a debt-to-equity ratio of 85.00, a quick ratio of 0.89 and a current ratio of 1.36.

About DCC

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.