DCC (LON:DCC) Cut to “Hold” at Berenberg Bank

Berenberg Bank downgraded shares of DCC (LON:DCC) to a hold rating in a report published on Wednesday,Digital Look reports. The firm currently has GBX 6,700 price objective on the stock.

Several other research analysts have also recently commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 6,100 target price on shares of DCC in a report on Wednesday, May 20th. Peel Hunt reissued an “add” rating and set a GBX 6,350 price target on shares of DCC in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft increased their price target on DCC from GBX 6,000 to GBX 6,650 and gave the stock a “hold” rating in a research report on Tuesday, July 28th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 6,500 price objective on shares of DCC in a report on Thursday, June 11th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 6,215.43.

DCC Price Performance

LON:DCC opened at GBX 6,335 on Wednesday. DCC has a 52 week low of GBX 4,188 and a 52 week high of GBX 6,740. The company has a debt-to-equity ratio of 100.63, a quick ratio of 0.89 and a current ratio of 1.20. The firm’s 50-day simple moving average is GBX 6,315.62 and its 200 day simple moving average is GBX 5,727.85. The firm has a market cap of £5.41 billion, a price-to-earnings ratio of 448.65, a P/E/G ratio of 4.37 and a beta of 0.73.

DCC Company Profile

DCC Energy is a leader in multi-energy sales and distribution in Europe and the US. The Group serves millions of customers across the commercial & industrial, public and domestic sectors. DCC Energy delivers mainly off-grid energy solutions, led by liquid gas, and operates services stations and fleet services. The Group supplies the secure, cleaner and competitive energy that customers need, supporting industrial processes, heating homes, and keeping transport moving. DCC Energy does this while supporting customers through the transition with the energy and services they need next.