DCC (LON:DCC) Stock Price Expected to Rise, Berenberg Bank Analyst Says

DCC (LON:DCC) had its price objective boosted by analysts at Berenberg Bank from GBX 6,300 to GBX 6,700 in a note issued to investors on Wednesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 8.06% from the stock’s current price.

DCC has been the subject of several other reports. Deutsche Bank Aktiengesellschaft upped their target price on DCC from GBX 5,500 to GBX 6,000 and gave the company a “hold” rating in a report on Wednesday, May 20th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 6,100 target price on shares of DCC in a report on Wednesday, May 20th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 6,500 target price on shares of DCC in a report on Wednesday, May 20th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 6,020.43.

DCC Stock Up 3.3%

LON:DCC opened at GBX 6,200 on Wednesday. The firm has a market capitalization of £5.30 billion, a PE ratio of 439.09, a price-to-earnings-growth ratio of 4.37 and a beta of 0.71. The stock has a 50 day moving average of GBX 5,542.45 and a 200-day moving average of GBX 5,064.74. DCC has a 52 week low of GBX 4,188 and a 52 week high of GBX 6,345. The company has a current ratio of 1.20, a quick ratio of 0.89 and a debt-to-equity ratio of 100.63.

About DCC

DCC is a customer-focused energy business, specialising in the sales, marketing, and distribution of secure, cleaner and competitive energy solutions to commercial, industrial, domestic, and transport customers. Headquartered in Dublin, DCC is listed on the London Stock Exchange and is a constituent of the FTSE 100.