DCC plc (LON:DCC) Given Average Recommendation of “Buy” by Analysts
Shares of DCC plc (LON:DCC) have been given a consensus recommendation of “Buy” by the eight brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 8,447.50 ($110.38).
Several research analysts have recently commented on the company. Goldman Sachs Group decreased their price objective on DCC from GBX 7,900 ($103.23) to GBX 7,800 ($101.92) and set a “neutral” rating on the stock in a report on Friday, June 7th. Berenberg Bank lifted their price objective on DCC from GBX 8,350 ($109.11) to GBX 8,450 ($110.41) and gave the stock a “buy” rating in a report on Friday, July 12th. UBS Group reiterated a “buy” rating on shares of DCC in a report on Friday, July 5th. Peel Hunt reiterated an “add” rating on shares of DCC in a report on Tuesday, July 30th. Finally, Royal Bank of Canada decreased their price objective on DCC from GBX 9,500 ($124.13) to GBX 9,000 ($117.60) and set an “outperform” rating on the stock in a report on Friday, July 19th.
In related news, insider Donal Murphy sold 9,200 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of GBX 6,951 ($90.83), for a total transaction of £639,492 ($835,609.56).
DCC plc provides sales, marketing, and support services worldwide. The company's DCC LPG segment sells and markets liquefied petroleum gas (LPG). This segment serves approximately 0.7 million customers. Its DCC Retail & Oil segment engages in the procurement, sale, marketing, and distribution of LPG; operation of retail petrol stations; and reselling of fuel cards.
Read More: Understanding Options Trading
Receive News & Ratings for DCC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DCC and related companies with MarketBeat.com's FREE daily email newsletter.