DCC (LON:DCC) Shares Cross Above 200-Day Moving Average – Here’s Why

DCC plc (LON:DCC)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 5,212.89 and traded as high as GBX 6,215. DCC shares last traded at GBX 6,090, with a volume of 808,398 shares.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and issued a GBX 6,100 price objective on shares of DCC in a research report on Wednesday, May 20th. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 6,500 target price on shares of DCC in a research report on Thursday, June 11th. Berenberg Bank lifted their target price on shares of DCC from GBX 6,300 to GBX 6,700 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 6,020.43.

DCC Stock Down 1.6%

The firm has a fifty day simple moving average of GBX 5,968.67 and a 200 day simple moving average of GBX 5,212.89. 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 cap of £5.20 billion, a PE ratio of 431.30, a PEG ratio of 4.37 and a beta of 0.73.

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.