DCC (OTCMKTS:DCCPF) Sees Large Volume Increase – Time to Buy?

DCC (OTCMKTS:DCCPF) shares saw an uptick in trading volume on Wednesday. 31,371 shares traded hands during mid-day trading, an increase of 737% from the average daily volume of 3,750 shares. The stock last traded at $85.51 and had previously closed at $84.8120.

Analysts Set New Price Targets

Several brokerages recently weighed in on DCCPF. Berenberg Bank lowered shares of DCC from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of DCC in a research report on Tuesday, July 28th. Finally, Jefferies Financial Group lowered DCC from a “buy” rating to a “hold” rating in a report on Thursday, September 10th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

DCC Stock Up 0.8%

The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.97 and a current ratio of 1.20. The firm has a 50-day moving average of $84.67 and a two-hundred day moving average of $75.06.

DCC Company Profile

DCC plc is an Ireland-based international sales, marketing and business-support group. The company focuses on supplying essential products and services through three principal areas: energy, healthcare and technology. It works with manufacturers and customers to distribute products, provide technical support and develop routes to market.

DCC Energy supplies and distributes transport and heating fuels, liquefied petroleum gas, low-carbon energy products and related services. Its activities include fuel distribution, commercial and residential energy supply, fleet fueling and energy solutions for businesses and households.