DCC (LON:DCC) Reaches New 12-Month High – Should You Buy?

DCC plc (LON:DCC) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 6,355 and last traded at GBX 6,355, with a volume of 611636 shares trading hands. The stock had previously closed at GBX 6,275.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DCC shares. Berenberg Bank upped 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. Deutsche Bank Aktiengesellschaft raised their price target on shares of DCC from GBX 5,500 to GBX 6,000 and gave the company a “hold” rating in a research report on Wednesday, May 20th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 6,500 price target on shares of DCC in a research note on Thursday, June 11th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 6,100 price objective on shares of DCC in a research note on Wednesday, May 20th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 6,020.43.

DCC Price Performance

The stock’s 50 day moving average is GBX 6,078.20 and its two-hundred day moving average is GBX 5,281.58. The company has a debt-to-equity ratio of 100.63, a current ratio of 1.20 and a quick ratio of 0.89. The stock has a market capitalization of £5.38 billion, a PE ratio of 446.18, a price-to-earnings-growth 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.