Dixons Carphone PLC’s (DC) Outperform Rating Reaffirmed at Credit Suisse Group
Dixons Carphone PLC (LON:DC)‘s stock had its “outperform” rating restated by research analysts at Credit Suisse Group in a research report issued to clients and investors on Friday. They currently have a GBX 280 ($3.62) price target on the stock. Credit Suisse Group’s price target suggests a potential upside of 61.48% from the company’s previous close.
A number of other analysts also recently issued reports on DC. Investec reaffirmed a “buy” rating and set a GBX 405 ($5.24) price objective on shares of Dixons Carphone PLC in a report on Friday, May 12th. HSBC Holdings plc dropped their price objective on shares of Dixons Carphone PLC from GBX 450 ($5.82) to GBX 430 ($5.56) and set a “buy” rating for the company in a report on Wednesday, May 17th. 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 17th. Canaccord Genuity dropped their price objective on shares of Dixons Carphone PLC from GBX 440 ($5.69) to GBX 395 ($5.11) and set a “buy” rating for the company in a report on Thursday, May 25th. Finally, Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 350 ($4.53) price objective on shares of Dixons Carphone PLC in a report on Thursday, May 25th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of GBX 341.69 ($4.42).
Dixons Carphone PLC (LON:DC) opened at 173.40 on Friday. The company’s market capitalization is GBX 2.00 billion. Dixons Carphone PLC has a 52 week low of GBX 155.40 and a 52 week high of GBX 391.20. The stock has a 50 day moving average price of GBX 257.50 and a 200-day moving average price of GBX 298.86.
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In other Dixons Carphone PLC news, insider Andrew Harrison sold 1,000,000 shares of the business’s stock in a transaction on Monday, July 10th. The shares were sold at an average price of GBX 278 ($3.60), for a total value of £2,780,000 ($3,595,447.49). Also, insider Tony DeNunzio purchased 50,000 shares of the stock in a transaction on Friday, August 25th. The stock was acquired at an average cost of GBX 178 ($2.30) per share, with a total value of £89,000 ($115,106.05). Insiders acquired 88,216 shares of company stock valued at $17,344,098 over the last three months.
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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