Deutsche Bank Aktiengesellschaft Raises DCC (LON:DCC) Price Target to GBX 6,650

DCC (LON:DCC) had its price objective lifted by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 6,000 to GBX 6,650 in a research report issued on Tuesday,Digital Look reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 4.89% from the company’s current price.

A number of other equities analysts also recently commented on the stock. Berenberg Bank boosted their price objective on shares of DCC from GBX 6,300 to GBX 6,700 and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 6,100 target price on shares of DCC in a research report on Wednesday, May 20th. Peel Hunt reiterated an “add” rating and issued a GBX 6,350 price target on shares of DCC in a report on Monday. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 6,500 price target on shares of DCC in a research report on Thursday, June 11th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 6,215.43.

DCC Stock Performance

Shares of DCC remained flat at GBX 6,340 during mid-day trading on Tuesday. 1,263,229 shares of the stock traded hands, compared to its average volume of 4,465,092. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 100.63. The company has a 50-day moving average price of GBX 6,164.04 and a 200-day moving average price of GBX 5,388.50. DCC has a 52-week low of GBX 4,188 and a 52-week high of GBX 6,740. The company has a market cap of £5.42 billion, a price-to-earnings ratio of 449.01, a price-to-earnings-growth ratio of 4.37 and a beta of 0.73.

About DCC

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.