Dixons Carphone PLC (LON:DC) had its target price cut by equities research analysts at Deutsche Bank AG from GBX 420 ($5.48) to GBX 400 ($5.22) in a research note issued to investors on Monday. The firm currently has a “buy” rating on the stock. Deutsche Bank AG’s target price indicates a potential upside of 49.98% from the company’s current price.
Several other research analysts also recently issued reports on DC. Barclays PLC started coverage on shares of Dixons Carphone PLC in a report on Thursday, March 30th. They set an “overweight” rating and a GBX 370 ($4.83) price target for the company. BNP Paribas lowered their price target on shares of Dixons Carphone PLC from GBX 385 ($5.03) to GBX 355 ($4.64) and set an “outperform” rating for the company in a report on Monday, April 3rd. Liberum Capital lowered their price target on shares of Dixons Carphone PLC from GBX 470 ($6.14) to GBX 430 ($5.62) and set a “buy” rating for the company in a report on Wednesday, April 19th. HSBC Holdings plc reiterated a “buy” rating and set a GBX 450 ($5.88) price target on shares of Dixons Carphone PLC in a report on Monday, April 24th. Finally, Royal Bank Of Canada reiterated a “top pick” rating and set a GBX 400 ($5.22) price target on shares of Dixons Carphone PLC in a report on Wednesday, April 26th. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Dixons Carphone PLC has a consensus rating of “Buy” and an average target price of GBX 402.25 ($5.25).
Shares of Dixons Carphone PLC (LON:DC) opened at 266.70 on Monday. The stock has a 50 day moving average price of GBX 316.00 and a 200 day moving average price of GBX 321.13. Dixons Carphone PLC has a 1-year low of GBX 258.90 and a 1-year high of GBX 391.20. The firm’s market capitalization is GBX 3.07 billion.
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In other Dixons Carphone PLC news, insider Lord Livingston purchased 19,087 shares of the firm’s stock in a transaction on Friday, July 14th. The stock was purchased at an average cost of GBX 260 ($3.40) per share, for a total transaction of £49,626.20 ($64,803.08). Also, insider Andrew Harrison sold 1,000,000 shares of the stock in a transaction dated Monday, July 10th. The stock was sold at an average price of GBX 278 ($3.63), for a total value of £2,780,000 ($3,630,190.65).
Dixons Carphone PLC Company Profile
Dixons Carphone plc (Dixons Carphone) is an electrical and telecommunications retailer and services company. The Company operates through four segments: UK & Ireland, Nordics, Southern Europe and Connected World Services (CWS). Dixons Carphone offers a range of electrical and mobile products, connectivity and expert after-sales services from the Geek Squad and KNOWHOW.
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