Brokerages Set DCC plc (DCC) Price Target at $8,478.00

Shares of DCC plc (LON:DCC) have been assigned an average rating of “Buy” from the eight research firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 8,458 ($110.52).

A number of brokerages have recently weighed in on DCC. Goldman Sachs Group reduced their price objective on shares of DCC from GBX 7,900 ($103.23) to GBX 7,800 ($101.92) and set a “neutral” rating for the company in a research note on Friday. JPMorgan Chase & Co. restated an “overweight” rating on shares of DCC in a research note on Wednesday, May 15th. Peel Hunt restated an “add” rating on shares of DCC in a research note on Tuesday, May 14th. Finally, UBS Group restated a “buy” rating on shares of DCC in a research note on Friday, May 10th.

In related news, insider Donal Murphy bought 2,651 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were acquired at an average price of GBX 7,025 ($91.79) per share, with a total value of £186,232.75 ($243,346.07).

Shares of DCC stock opened at GBX 6,856 ($89.59) on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.42 and a debt-to-equity ratio of 73.31. DCC has a 1-year low of GBX 5,555 ($72.59) and a 1-year high of GBX 7,450 ($97.35). The firm has a market capitalization of $6.74 billion and a PE ratio of 24.51.

The business also recently announced a dividend, which will be paid on Thursday, July 18th. Investors of record on Thursday, May 23rd will be given a dividend of GBX 93.37 ($1.22) per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a yield of 1.39%. This is a positive change from DCC’s previous dividend of $44.98. DCC’s payout ratio is 0.45%.

DCC Company Profile

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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