DCC (LON:DCC) Reaches New 1-Year Low After Analyst Downgrade

DCC plc (LON:DCCGet Rating)’s share price hit a new 52-week low during mid-day trading on Tuesday after Royal Bank of Canada lowered their price target on the stock from GBX 5,800 to GBX 4,800. Royal Bank of Canada currently has a sector perform rating on the stock. DCC traded as low as GBX 4,000 ($47.00) and last traded at GBX 4,487 ($52.73), with a volume of 164785 shares traded. The stock had previously closed at GBX 4,515 ($53.06).

Other equities research analysts also recently issued reports about the stock. Barclays lowered their price target on shares of DCC from GBX 5,550 ($65.22) to GBX 4,500 ($52.88) and set an “underweight” rating on the stock in a report on Friday. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 7,500 ($88.13) price target on shares of DCC in a report on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 6,442 ($75.70).

DCC Stock Performance

The company has a quick ratio of 0.89, a current ratio of 1.30 and a debt-to-equity ratio of 87.55. The company’s 50-day moving average is GBX 4,758.57 and its two-hundred day moving average is GBX 5,174.38. The company has a market capitalization of £4.43 billion and a P/E ratio of 1,363.83.

DCC Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, December 9th. Investors of record on Thursday, November 17th will be given a GBX 60.04 ($0.71) dividend. This represents a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, November 17th. DCC’s dividend payout ratio (DPR) is 49.76%.

DCC Company Profile

(Get Rating)

DCC plc provides sales, marketing, and support services worldwide. The company's DCC LPG segment sells and markets liquefied petroleum gas (LPG), refrigerants, and natural gas. Its DCC Retail & Oil segment markets, sells, and retails transport and commercial fuels, heating oils, and related products and services; operates retail petrol stations; resells fuel cards; distributes oil; and provides inbound logistics, storage and filling, and outbound logistics services.

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