DCC (DCC) Rating Reiterated by Canaccord Genuity

Canaccord Genuity reissued their buy rating on shares of DCC (LON:DCC) in a research report report published on Friday morning. The brokerage currently has a GBX 8,471 ($112.12) price objective on the stock.

Several other equities research analysts have also recently commented on the company. Berenberg Bank reaffirmed a buy rating and issued a GBX 8,700 ($115.16) price target on shares of DCC in a report on Friday. UBS Group reaffirmed a buy rating on shares of DCC in a report on Wednesday, July 4th. Peel Hunt reaffirmed an add rating on shares of DCC in a report on Wednesday, June 13th. Stifel Nicolaus increased their price target on DCC from GBX 8,530 ($112.91) to GBX 9,230 ($122.17) and gave the company a buy rating in a report on Monday, May 21st. Finally, JPMorgan Chase & Co. increased their price target on DCC from GBX 8,160 ($108.01) to GBX 8,380 ($110.92) and gave the company an overweight rating in a report on Wednesday, May 16th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. DCC currently has an average rating of Buy and a consensus target price of GBX 8,541.25 ($113.05).

Shares of DCC stock opened at GBX 7,240 ($95.83) on Friday. DCC has a 12 month low of GBX 6,490 ($85.90) and a 12 month high of GBX 7,762.50 ($102.75).

The business also recently declared a dividend, which will be paid on Thursday, July 19th. Investors of record on Thursday, May 24th will be issued a GBX 82.09 ($1.09) dividend. This represents a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, May 24th. This is a boost from DCC’s previous dividend of $74.63.

In related news, insider Donal Murphy sold 16,214 shares of the stock in a transaction that occurred on Friday, May 25th. The stock was sold at an average price of GBX 7,291 ($96.51), for a total value of £1,182,162.74 ($1,564,742.21).

DCC Company Profile

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.

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