Dixons Carphone (DC) Price Target Cut to GBX 200 by Analysts at Royal Bank of Canada

Dixons Carphone (LON:DC) had its target price lowered by Royal Bank of Canada from GBX 250 ($3.27) to GBX 200 ($2.61) in a report released on Tuesday morning. The firm currently has an outperform rating on the stock.

Several other research analysts have also issued reports on the company. Deutsche Bank reiterated a buy rating on shares of Dixons Carphone in a research note on Friday, September 7th. UBS Group reiterated a buy rating and set a GBX 220 ($2.87) price objective on shares of Dixons Carphone in a research note on Thursday, September 6th. HSBC reiterated a hold rating on shares of Dixons Carphone in a research note on Monday, July 9th. Liberum Capital reiterated a hold rating and set a GBX 195 ($2.55) price objective on shares of Dixons Carphone in a research note on Thursday, June 21st. Finally, Credit Suisse Group restated a neutral rating on shares of Dixons Carphone in a research note on Tuesday, June 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 195.71 ($2.56).

Dixons Carphone stock opened at GBX 157.55 ($2.06) on Tuesday. Dixons Carphone has a 52-week low of GBX 145.72 ($1.90) and a 52-week high of GBX 349.60 ($4.57).

In other Dixons Carphone news, insider Alex Baldock bought 100,000 shares of the stock in a transaction dated Friday, September 7th. The stock was bought at an average cost of GBX 161 ($2.10) per share, for a total transaction of £161,000 ($210,375.02).

About Dixons Carphone

Dixons Carphone plc operates as an electrical and telecommunications retailer and service company. The company operates through three segments: UK & Ireland, Nordics, and Greece. It offers various products and services, including consumer electricals and mobile phones under the Carphone Warehouse and CurrysPCWorld Carphone Warehouse brands; computing products and services to business to business customers under the PC World Business brand; travelling services with stores at airports under the Dixons Travel brand; and services under the Team Knowhow brand.

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Analyst Recommendations for Dixons Carphone (LON:DC)

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