DCC (LON:DCC) Stock Price Expected to Rise, Berenberg Bank Analyst Says

DCC (LON:DCC – Get Free Report) had its price target raised by Berenberg Bank from GBX 6,300 to GBX 6,700 in a research note issued on Wednesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 8.06% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft upped their price objective on DCC from GBX 5,500 to GBX 6,000 and gave the company a “hold” rating in a research note on Wednesday, May 20th. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 6,500 price objective on shares of DCC in a research note on Wednesday, May 20th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 6,100 price objective on shares of DCC in a research note on Wednesday, May 20th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 6,020.43.

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DCC Trading Up 3.3%

Shares of LON DCC opened at GBX 6,200 on Wednesday. The stock’s 50 day moving average price is GBX 5,542.45 and its two-hundred day moving average price is GBX 5,064.74. DCC has a 52-week low of GBX 4,188 and a 52-week high of GBX 6,345. The stock has a market capitalization of £5.30 billion, a P/E ratio of 439.09, a PEG ratio of 4.37 and a beta of 0.71. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 100.63.

DCC Company Profile

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DCC is a customer-focused energy business, specialising in the sales, marketing, and distribution of secure, cleaner and competitive energy solutions to commercial, industrial, domestic, and transport customers. Headquartered in Dublin, DCC is listed on the London Stock Exchange and is a constituent of the FTSE 100.

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