Dixons Carphone (LON:DC) Upgraded by Goldman Sachs Group to “Buy”

Dixons Carphone (LON:DC) was upgraded by stock analysts at Goldman Sachs Group to a “buy” rating in a research note issued to investors on Tuesday, Stock Target Advisor reports. The brokerage currently has a GBX 170 ($2.24) target price on the stock, up from their previous target price of GBX 130 ($1.71). Goldman Sachs Group’s price objective suggests a potential upside of 16.96% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Royal Bank of Canada cut Dixons Carphone to a “sector performer” rating in a research note on Tuesday, November 5th. Barclays boosted their target price on Dixons Carphone from GBX 130 ($1.71) to GBX 150 ($1.97) and gave the stock an “overweight” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. Dixons Carphone presently has a consensus rating of “Hold” and a consensus target price of GBX 165.83 ($2.18).

DC traded up GBX 0.70 ($0.01) on Tuesday, hitting GBX 145.35 ($1.91). 5,773,852 shares of the company were exchanged, compared to its average volume of 4,480,000. Dixons Carphone has a twelve month low of GBX 90 ($1.18) and a twelve month high of GBX 166.45 ($2.19). The company has a market cap of $1.69 billion and a price-to-earnings ratio of 21.07. The company has a current ratio of 0.81, a quick ratio of 0.36 and a debt-to-equity ratio of 71.38. The firm has a 50-day moving average price of GBX 138.32 and a two-hundred day moving average price of GBX 124.12.

About Dixons Carphone

Dixons Carphone plc operates as an electrical and telecommunications retailer and service company. The company operates through three segments: UK & Ireland, Nordics, and Greece. It offers various products and services, including consumer electricals and mobile phones under the Carphone Warehouse and CurrysPCWorld Carphone Warehouse brands; computing products and services to business to business customers under the PC World Business brand; travelling services with stores at airports under the Dixons Travel brand; and services under the Team Knowhow brand.

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Analyst Recommendations for Dixons Carphone (LON:DC)

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