Dixons Carphone’s (DC) Buy Rating Reaffirmed at UBS Group

UBS Group restated their buy rating on shares of Dixons Carphone (LON:DC) in a report released on Thursday, Digital Look reports. They currently have a GBX 220 ($2.87) price objective on the stock.

A number of other brokerages have also recently weighed in on DC. Numis Securities cut shares of Dixons Carphone to a reduce rating in a research note on Thursday, June 13th. Royal Bank of Canada restated an outperform rating on shares of Dixons Carphone in a research note on Monday, March 18th. Goldman Sachs Group reduced their price objective on shares of Dixons Carphone from GBX 155 ($2.03) to GBX 148 ($1.93) and set a neutral rating for the company in a research note on Wednesday, May 22nd. Finally, Barclays initiated coverage on shares of Dixons Carphone in a research note on Thursday, April 11th. They issued an overweight rating and a GBX 175 ($2.29) price objective for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of GBX 178 ($2.33).

Shares of Dixons Carphone stock opened at GBX 105.36 ($1.38) on Thursday. The company has a quick ratio of 0.46, a current ratio of 0.92 and a debt-to-equity ratio of 14.77. Dixons Carphone has a 1-year low of GBX 90 ($1.18) and a 1-year high of GBX 201.80 ($2.64). The firm has a market capitalization of $1.29 billion and a PE ratio of -3.82.

The company also recently disclosed a dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, September 5th will be paid a GBX 4.50 ($0.06) dividend. This represents a dividend yield of 3.81%. This is a boost from Dixons Carphone’s previous dividend of $2.25. The ex-dividend date is Thursday, September 5th. Dixons Carphone’s payout ratio is presently -0.36%.

In related news, insider Andrea Gisle Joosen bought 4,800 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was purchased at an average cost of GBX 114 ($1.49) per share, for a total transaction of £5,472 ($7,150.14).

About Dixons Carphone

Dixons Carphone plc operates as an electrical and telecommunications retailer and service company. The company operates through three segments: UK & Ireland, Nordics, and Greece. It offers various products and services, including consumer electricals and mobile phones under the Carphone Warehouse and CurrysPCWorld Carphone Warehouse brands; computing products and services to business to business customers under the PC World Business brand; travelling services with stores at airports under the Dixons Travel brand; and services under the Team Knowhow brand.

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Analyst Recommendations for Dixons Carphone (LON:DC)

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