Deutsche Bank AG Reaffirms “Buy” Rating for Dixons Carphone PLC (DC)

Deutsche Bank AG restated their buy rating on shares of Dixons Carphone PLC (LON:DC) in a research note released on Friday morning. Deutsche Bank AG currently has a GBX 340 ($4.39) price objective on the stock.

Other research analysts have also recently issued research reports about the stock. Canaccord Genuity lowered their target price on shares of Dixons Carphone PLC from GBX 440 ($5.68) to GBX 395 ($5.10) and set a buy rating for the company in a report on Thursday, May 25th. Investec reiterated a buy rating and set a GBX 405 ($5.23) price target on shares of Dixons Carphone PLC in a research note on Wednesday, May 24th. Liberum Capital reiterated a buy rating and set a GBX 430 ($5.55) price target on shares of Dixons Carphone PLC in a research note on Wednesday, May 24th. HSBC Holdings plc decreased their price target on shares of Dixons Carphone PLC from GBX 450 ($5.81) to GBX 430 ($5.55) and set a buy rating for the company in a research note on Wednesday, May 17th. Finally, Beaufort Securities reiterated a buy rating on shares of Dixons Carphone PLC in a research note on Thursday, June 29th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of GBX 317.63 ($4.10).

Dixons Carphone PLC (LON DC) opened at 164.60 on Friday. The firm has a 50 day moving average of GBX 228.16 and a 200-day moving average of GBX 288.50. Dixons Carphone PLC has a 12-month low of GBX 155.40 and a 12-month high of GBX 379.10. The stock’s market cap is GBX 1.90 billion.

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The company also recently disclosed a dividend, which will be paid on Friday, September 22nd. Shareholders of record on Thursday, August 24th will be given a dividend of GBX 7.75 ($0.10) per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a yield of 2.64%.

In other news, insider Andrew Harrison sold 1,000,000 shares of the stock in a transaction dated Monday, July 10th. The shares were sold at an average price of GBX 278 ($3.59), for a total value of £2,780,000 ($3,590,339.66). Also, insider Lord Livingston purchased 19,087 shares of the business’s stock in a transaction dated Friday, July 14th. The stock was bought at an average price of GBX 260 ($3.36) per share, with a total value of £49,626.20 ($64,091.70). In the last 90 days, insiders have acquired 98,216 shares of company stock valued at $18,994,098.

About Dixons Carphone PLC

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.

Analyst Recommendations for Dixons Carphone PLC (LON:DC)

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