DCC’s (DCC) “Buy” Rating Reaffirmed at Berenberg Bank

DCC (LON:DCC)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research report issued on Tuesday,Digital Look reports. They presently have a GBX 7,020 ($90.34) price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 28.69% from the stock’s previous close.

Separately, Royal Bank of Canada raised shares of DCC to an “outperform” rating and boosted their price objective for the company from GBX 5,700 ($73.35) to GBX 5,800 ($74.64) in a research note on Thursday, August 15th.

DCC Price Performance

DCC stock traded down GBX 215 ($2.77) during mid-day trading on Tuesday, reaching GBX 5,455 ($70.20). 444,468 shares of the company traded hands, compared to its average volume of 245,408. The company has a fifty day moving average price of GBX 5,138.55 and a 200-day moving average price of GBX 5,395.26. DCC has a 52-week low of GBX 4,670 ($60.10) and a 52-week high of GBX 6,075 ($78.18). The company has a market capitalization of £5.39 billion, a P/E ratio of 1,669.70, a P/E/G ratio of 4.37 and a beta of 0.74. The company has a debt-to-equity ratio of 73.97, a current ratio of 1.18 and a quick ratio of 0.89.

About DCC

DCC plc provides sales, marketing, and support services worldwide. The company operates through DCC Energy, DCC Healthcare, and DCC Technology segments. It sells and markets liquefied petroleum gas (LPG), refrigerants, and natural gas; markets, sells, and retails transport and commercial fuels, heating oils, and related products and services; operates retail petrol stations; resells fuel cards; distributes oil; and provides logistics services.