DCC (LON:DCC) Rating Lowered to Hold at Berenberg Bank

DCC (LON:DCC) was downgraded by Berenberg Bank to a “hold” rating in a report issued on Wednesday, Digital Look reports. They currently have a GBX 6,700 price objective on the stock. Berenberg Bank’s target price would indicate a potential upside of 5.26% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 6,500 price objective on shares of DCC in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of DCC from GBX 6,000 to GBX 6,650 and gave the stock a “hold” rating in a research report on Tuesday, July 28th. Jefferies Financial Group reissued a “buy” rating and set a GBX 6,100 target price on shares of DCC in a report on Wednesday, May 20th. Finally, Peel Hunt restated an “add” rating and issued a GBX 6,350 price target on shares of DCC in a research report on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 6,215.43.

DCC Price Performance

DCC stock opened at GBX 6,365 on Wednesday. The stock has a 50-day moving average price of GBX 6,309.02 and a two-hundred day moving average price of GBX 5,707.78. DCC has a 12 month low of GBX 4,188 and a 12 month high of GBX 6,740. The company has a market capitalization of £5.44 billion, a PE ratio of 450.78, a P/E/G ratio of 4.37 and a beta of 0.73. 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 Energy is a leader in multi-energy sales and distribution in Europe and the US. The Group serves millions of customers across the commercial & industrial, public and domestic sectors. DCC Energy delivers mainly off-grid energy solutions, led by liquid gas, and operates services stations and fleet services. The Group supplies the secure, cleaner and competitive energy that customers need, supporting industrial processes, heating homes, and keeping transport moving. DCC Energy does this while supporting customers through the transition with the energy and services they need next.