Dixons Carphone PLC (DC) Rating Lowered to Hold at HSBC Holdings plc
HSBC Holdings plc cut shares of Dixons Carphone PLC (LON:DC) to a hold rating in a research report sent to investors on Friday morning, Marketbeat Ratings reports. HSBC Holdings plc currently has GBX 200 ($2.59) price objective on the stock, down from their previous price objective of GBX 410 ($5.30).
Other equities research analysts also recently issued reports about the company. Canaccord Genuity decreased their price objective on Dixons Carphone PLC from GBX 440 ($5.69) to GBX 395 ($5.11) and set a buy rating on the stock in a report on Thursday, May 25th. Investec reaffirmed a buy rating and set a GBX 405 ($5.24) price objective on shares of Dixons Carphone PLC in a report on Wednesday, May 24th. Liberum Capital reaffirmed a buy rating and set a GBX 430 ($5.56) price objective on shares of Dixons Carphone PLC in a report on Wednesday, May 24th. Deutsche Bank AG reaffirmed a buy rating and set a GBX 420 ($5.43) price objective on shares of Dixons Carphone PLC in a report on Friday, April 28th. Finally, Beaufort Securities reaffirmed a buy rating on shares of Dixons Carphone PLC in a report on Thursday, June 29th. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and an average target price of GBX 349.50 ($4.52).
Shares of Dixons Carphone PLC (DC) opened at 182.50 on Friday. The firm’s market cap is GBX 2.10 billion. Dixons Carphone PLC has a 12 month low of GBX 155.40 and a 12 month high of GBX 391.20. The stock’s 50 day moving average price is GBX 257.50 and its 200 day moving average price is GBX 298.86.
The company also recently announced a dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th will be paid a GBX 7.75 ($0.10) dividend. This represents a dividend yield of 2.64%. The ex-dividend date is Thursday, August 24th.
In related news, insider Lord Livingston acquired 19,087 shares of the company’s stock in a transaction that occurred on Friday, July 14th. The stock was purchased at an average price of GBX 260 ($3.36) per share, for a total transaction of £49,626.20 ($64,182.88). Also, insider Andrew Harrison sold 61,219 shares of the business’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of GBX 288 ($3.72), for a total transaction of £176,310.72 ($228,027.32).
Dixons Carphone PLC Company Profile
Dixons Carphone plc (Dixons Carphone) is an electrical and telecommunications retailer and services company. The Company operates through four segments: UK & Ireland, Nordics, Southern Europe and Connected World Services (CWS). Dixons Carphone offers a range of electrical and mobile products, connectivity and expert after-sales services from the Geek Squad and KNOWHOW.
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