DCC (LON:DCC) PT Lowered to GBX 7,800 at Goldman Sachs Group

DCC (LON:DCC) had its target price decreased by Goldman Sachs Group from GBX 7,900 ($103.23) to GBX 7,800 ($101.92) in a research report report published on Friday, June 7th, ThisIsMoney.Co.Uk reports. Goldman Sachs Group currently has a neutral rating on the stock.

A number of other analysts have also recently commented on DCC. Peel Hunt restated an add rating on shares of DCC in a report on Thursday, May 30th. UBS Group restated a buy rating on shares of DCC in a report on Friday, May 10th. Finally, JPMorgan Chase & Co. restated an overweight rating on shares of DCC in a report on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 8,254.75 ($107.86).

LON:DCC traded up GBX 42 ($0.55) during trading hours on Friday, hitting GBX 7,020 ($91.73). The company had a trading volume of 291,167 shares, compared to its average volume of 258,121. DCC has a 52 week low of GBX 5,555 ($72.59) and a 52 week high of GBX 7,450 ($97.35). The firm has a market cap of $6.90 billion and a P/E ratio of 25.10. The company has a quick ratio of 1.12, a current ratio of 1.42 and a debt-to-equity ratio of 73.31. The company’s 50-day simple moving average is GBX 6,873.28.

The firm also recently announced a dividend, which will be paid on Thursday, July 18th. Shareholders of record on Thursday, May 23rd will be given a GBX 93.37 ($1.22) dividend. This is a positive change from DCC’s previous dividend of $44.98. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a yield of 1.39%. DCC’s payout ratio is 0.49%.

In other DCC news, insider Donal Murphy purchased 2,651 shares of DCC stock in a transaction dated Thursday, May 23rd. The stock was purchased at an average price of GBX 7,025 ($91.79) per share, with a total value of £186,232.75 ($243,346.07).

About DCC

DCC plc provides sales, marketing, and support services worldwide. The company's DCC LPG segment sells and markets liquefied petroleum gas (LPG). This segment serves approximately 0.7 million customers. Its DCC Retail & Oil segment engages in the procurement, sale, marketing, and distribution of LPG; operation of retail petrol stations; and reselling of fuel cards.

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Analyst Recommendations for DCC (LON:DCC)

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