DPC (NYSE:DPC) Coverage Initiated at Rothschild & Co Redburn

Equities researchers at Rothschild & Co Redburn assumed coverage on shares of DPC (NYSE:DPC) in a research note issued on Monday,Benzinga reports. The brokerage set a “buy” rating and a $53.50 price target on the stock. Rothschild & Co Redburn’s price objective suggests a potential upside of 15.65% from the stock’s current price.

Other research analysts have also issued reports about the company. Morgan Stanley initiated coverage on DPC in a report on Monday. They set an “equal weight” rating and a $47.00 target price on the stock. Wall Street Zen upgraded DPC to a “hold” rating in a report on Saturday, July 4th. Finally, Jefferies Financial Group assumed coverage on DPC in a report on Monday. They set a “buy” rating and a $56.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $52.17.

DPC Stock Performance

Shares of DPC stock opened at $46.26 on Monday. DPC has a 12-month low of $42.90 and a 12-month high of $53.50.

Insiders Place Their Bets

In related news, Director Stanley A. Deal bought 16,360 shares of DPC stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average cost of $33.00 per share, with a total value of $539,880.00. Following the purchase, the director owned 16,360 shares in the company, valued at approximately $539,880. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David John Egan bought 275,363 shares of the stock in a transaction on Friday, June 26th. The shares were purchased at an average price of $33.00 per share, with a total value of $9,086,979.00. Following the acquisition, the chief financial officer owned 294,529 shares in the company, valued at approximately $9,719,457. This represents a 1,436.73% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 2,297,621 shares of company stock worth $75,821,493 in the last ninety days.