DCC (LON:DCC) Shares Pass Below 200 Day Moving Average – What’s Next?

Shares of DCC plc (LON:DCC) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,829.57 and traded as low as GBX 4,574. DCC shares last traded at GBX 4,588, with a volume of 523,656 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on DCC shares. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 5,400 price objective on shares of DCC in a report on Tuesday, January 27th. Panmure Gordon reaffirmed a “hold” rating and issued a GBX 4,708 target price on shares of DCC in a research note on Monday, January 19th. UBS Group reiterated a “buy” rating and set a GBX 6,500 price target on shares of DCC in a research report on Friday, January 23rd. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 6,300 price target on shares of DCC in a research note on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 5,673.83.

DCC Trading Down 2.2%

The firm’s 50-day simple moving average is GBX 4,800.50 and its 200-day simple moving average is GBX 4,828.13. The firm has a market capitalization of £3.89 billion, a PE ratio of -60.04, a price-to-earnings-growth ratio of 4.37 and a beta of 0.59. The company has a quick ratio of 0.89, a current ratio of 1.36 and a debt-to-equity ratio of 85.00.

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.