DCC (LON:DCC) Share Price Crosses Above 50 Day Moving Average – Here’s Why

DCC plc (LON:DCC)’s stock price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 6,374.72 and traded as high as GBX 6,445. DCC shares last traded at GBX 6,440, with a volume of 139,072 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Peel Hunt reiterated an “add” rating and set a GBX 6,350 price objective on shares of DCC in a research note on Monday, July 27th. Deutsche Bank Aktiengesellschaft upped their target price on DCC from GBX 6,000 to GBX 6,650 and gave the stock a “hold” rating in a research report on Tuesday, July 28th. Berenberg Bank lowered DCC to a “hold” rating and set a GBX 6,700 price target for the company. in a research note on Wednesday, September 2nd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 6,500 price target on shares of DCC in a research report on Thursday, June 11th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, DCC presently has a consensus rating of “Hold” and a consensus price target of GBX 6,215.43.

DCC Price Performance

The company has a debt-to-equity ratio of 100.63, a quick ratio of 0.89 and a current ratio of 1.20. The company has a market capitalization of £5.50 billion, a price-to-earnings ratio of 456.09, a P/E/G ratio of 4.37 and a beta of 0.73. The stock’s fifty day simple moving average is GBX 6,376.52 and its two-hundred day simple moving average is GBX 5,956.56.

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.