DCC (LON:DCC) Stock Passes Below 200-Day Moving Average – Here’s Why

DCC plc (LON:DCC)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,755.38 ($63.53) and traded as low as GBX 4,752 ($63.49). DCC shares last traded at GBX 4,899.44 ($65.46), with a volume of 455,742 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DCC. Berenberg Bank reissued a “buy” rating and issued a GBX 6,700 price target on shares of DCC in a report on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 5,500 price target on shares of DCC in a report on Friday, July 11th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 5,800.

DCC Price Performance

The company has a debt-to-equity ratio of 77.99, a quick ratio of 0.89 and a current ratio of 1.31. The company’s 50 day moving average price is GBX 4,770.26 and its 200 day moving average price is GBX 4,755.38. The company has a market cap of £4.73 billion, a price-to-earnings ratio of 23.43, a P/E/G ratio of 4.37 and a beta of 0.74.

About DCC

DCC plc is a leading international sales, marketing and support services group operating in 22 countries, supplying products and services used by millions of people every day. Headquartered in Dublin, the Group operates across three sectors: energy, healthcare and technology, employing over 16,000 people.