DCC (LON:DCC) Stock Falls 0.1% – Here’s What Happened

DCC plc (LON:DCC) dropped 0.1% during trading on Wednesday. The stock traded as low as GBX 6,455 and last traded at GBX 6,455. Approximately 326,394 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 3,327,855 shares. The stock had previously closed at GBX 6,460.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Berenberg Bank lowered shares of DCC to a “hold” rating and set a GBX 6,700 price target for the company. in a report on Wednesday, September 2nd. Peel Hunt restated an “add” rating and issued a GBX 6,350 price objective on shares of DCC in a research report on Monday, July 27th. Finally, Deutsche Bank upped their price objective on shares of DCC from GBX 6,000 to GBX 6,650 and gave the company a “hold” rating in a research note on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of GBX 6,215.43.

DCC Trading Down 0.1%

The company has a quick ratio of 0.89, a current ratio of 1.08 and a debt-to-equity ratio of 106.87. The firm’s fifty day moving average is GBX 6,417.82 and its two-hundred day moving average is GBX 5,825.84. The firm has a market cap of £5.52 billion, a P/E ratio of 457.15, a PEG 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.