DCC (LON:DCC) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

DCC plc (LON:DCC) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 4,755.38 ($63.53) and traded as low as GBX 4,752 ($63.49). DCC shares last traded at GBX 4,899.44 ($65.46), with a volume of 455,742 shares traded.

Analyst Upgrades and Downgrades

DCC has been the topic of several research reports. Berenberg Bank reiterated a “buy” rating and set a GBX 6,700 price target on shares of DCC in a research report on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 5,500 price target on shares of DCC in a research report on Friday, July 11th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 5,800.

DCC Trading Down 0.2%

The company has a debt-to-equity ratio of 77.99, a quick ratio of 0.89 and a current ratio of 1.31. The company has a market capitalization of £4.73 billion, a price-to-earnings ratio of 23.43, a P/E/G ratio of 4.37 and a beta of 0.74. The business’s 50-day simple moving average is GBX 4,770.26 and its 200-day simple moving average is GBX 4,755.38.

About DCC

DCC plc is a leading international sales, marketing and support services group operating in 22 countries, supplying products and services used by millions of people every day. Headquartered in Dublin, the Group operates across three sectors: energy, healthcare and technology, employing over 16,000 people.