Royal Bank Of Canada Initiates Coverage on DPC (NYSE:DPC)

Analysts at Royal Bank Of Canada assumed coverage on shares of DPC (NYSE:DPC) in a research note issued on Monday. The firm set an “outperform” rating and a $53.00 price target on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 14.57% from the company’s current price.

Several other research firms have also recently weighed in on DPC. Jefferies Financial Group started coverage on shares of DPC in a report on Monday. They set a “buy” rating and a $56.00 price target on the stock. Morgan Stanley initiated coverage on shares of DPC in a research report on Monday. They set an “equal weight” rating and a $47.00 target price on the stock. Rothschild & Co Redburn began coverage on DPC in a research note on Monday. They issued a “buy” rating and a $53.50 target price on the stock. Finally, Wall Street Zen upgraded DPC to a “hold” rating in a research note on Saturday, July 4th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, DPC has an average rating of “Moderate Buy” and an average target price of $52.38.

DPC Trading Down 0.0%

Shares of DPC stock opened at $46.26 on Monday. DPC has a one year low of $42.90 and a one year high of $53.50.

Insider Activity at DPC

In related news, CFO David John Egan bought 275,363 shares of the company’s stock in a transaction on Friday, June 26th. The shares were purchased at an average cost of $33.00 per share, for a total transaction of $9,086,979.00. Following the completion of the purchase, the chief financial officer directly owned 294,529 shares in the company, valued at $9,719,457. The trade was a 1,436.73% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Nick Sanders bought 288,213 shares of the company’s stock in a transaction on Friday, June 26th. The stock was bought at an average price of $33.00 per share, for a total transaction of $9,511,029.00. Following the completion of the purchase, the director owned 288,213 shares of the company’s stock, valued at approximately $9,511,029. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 2,297,621 shares of company stock valued at $75,821,493 in the last 90 days.