DCC (LON:DCC) Cut to Hold at Berenberg Bank

DCC (LON:DCC – Get Free Report) was downgraded by research analysts at Berenberg Bank to a “hold” rating in a research report issued to clients and investors on Wednesday, Digital Look reports. They currently have a GBX 6,700 price target on the stock. Berenberg Bank’s target price points to a potential upside of 5.26% from the company’s current price.

A number of other equities analysts have also recently commented on DCC. Jefferies Financial Group reissued a “buy” rating and set a GBX 6,100 price target on shares of DCC in a report on Wednesday, May 20th. Peel Hunt reaffirmed an “add” rating and issued a GBX 6,350 price objective on shares of DCC in a research note on Monday, July 27th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 6,500 target price on shares of DCC in a research report on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on DCC from GBX 6,000 to GBX 6,650 and gave the stock a “hold” rating in a research note on Tuesday, July 28th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of GBX 6,215.43.

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DCC Price Performance

LON DCC opened at GBX 6,365 on Wednesday. The business has a fifty day moving average price of GBX 6,309.02 and a two-hundred day moving average price of GBX 5,707.78. The company has a debt-to-equity ratio of 100.63, a current ratio of 1.20 and a quick ratio of 0.89. DCC has a fifty-two week low of GBX 4,188 and a fifty-two week high of GBX 6,740. The stock has a market capitalization of £5.44 billion, a PE ratio of 450.78, a PEG ratio of 4.37 and a beta of 0.73.

About DCC

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DCC Energy is a leader in multi-energy sales and distribution in Europe and the US. The Group serves millions of customers across the commercial & industrial, public and domestic sectors. DCC Energy delivers mainly off-grid energy solutions, led by liquid gas, and operates services stations and fleet services. The Group supplies the secure, cleaner and competitive energy that customers need, supporting industrial processes, heating homes, and keeping transport moving. DCC Energy does this while supporting customers through the transition with the energy and services they need next.

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