DCC (LON:DCC) Reaches New 1-Year High – Here’s What Happened

Shares of DCC plc (LON:DCC) reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 6,345 and last traded at GBX 6,115, with a volume of 606774 shares. The stock had previously closed at GBX 5,950.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Panmure Gordon reiterated a “hold” rating and set a GBX 4,708 price target on shares of DCC in a report on Monday, January 19th. Royal Bank Of Canada upgraded shares of DCC to a “sector perform” rating and upped their price target for the company from GBX 5,400 to GBX 6,500 in a report on Thursday, April 30th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 6,100 price target on shares of DCC in a report on Thursday, April 30th. Berenberg Bank reiterated a “buy” rating and set a GBX 6,300 price target on shares of DCC in a report on Thursday, February 5th. Finally, UBS Group reiterated a “buy” rating and set a GBX 6,500 price target on shares of DCC in a report on Friday, January 23rd. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 5,891.86.

DCC Stock Performance

The business has a 50-day moving average price of GBX 5,094.69 and a 200-day moving average price of GBX 4,937.23. The firm has a market capitalization of £5.22 billion, a price-to-earnings ratio of -80.72, a P/E/G ratio of 4.37 and a beta of 0.71. The company has a quick ratio of 0.89, a current ratio of 1.36 and a debt-to-equity ratio of 85.00.

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.