DCC (LON:DCC) Share Price Passes Above 200 Day Moving Average – Here’s Why

DCC plc (LON:DCC)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4,932.21 and traded as high as GBX 5,985. DCC shares last traded at GBX 5,885, with a volume of 25,528,213 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Panmure Gordon reiterated a “hold” rating and set a GBX 4,708 price target on shares of DCC in a report on Monday, January 19th. Berenberg Bank reiterated a “buy” rating and set a GBX 6,300 price target on shares of DCC in a report on Thursday, February 5th. UBS Group reiterated a “buy” rating and set a GBX 6,500 price target on shares of DCC in a report on Friday, January 23rd. Royal Bank Of Canada upgraded DCC to a “sector perform” rating and upped their target price for the company from GBX 5,400 to GBX 6,500 in a report on Thursday, April 30th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 6,100 target price on shares of DCC in a report on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 5,891.86.

DCC Stock Performance

The business has a fifty day moving average price of GBX 5,072.90 and a 200-day moving average price of GBX 4,932.21. The company has a quick ratio of 0.89, a current ratio of 1.36 and a debt-to-equity ratio of 85.00. The stock has a market capitalization of £5.03 billion, a P/E ratio of -77.68, a P/E/G ratio of 4.37 and a beta of 0.71.

About DCC

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.