Dixons Carphone PLC (DC) Downgraded by Royal Bank Of Canada to Outperform
Dixons Carphone PLC (LON:DC) was downgraded by equities researchers at Royal Bank Of Canada to an “outperform” rating in a research note issued to investors on Thursday, Marketbeat reports. They currently have a GBX 215 ($2.78) price objective on the stock, down from their prior price objective of GBX 225 ($2.91). Royal Bank Of Canada’s price target would indicate a potential upside of 27.67% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. Canaccord Genuity reiterated a “buy” rating and set a GBX 395 ($5.10) price target on shares of Dixons Carphone PLC in a report on Wednesday, June 28th. Liberum Capital reiterated a “buy” rating and set a GBX 430 ($5.55) price target on shares of Dixons Carphone PLC in a report on Wednesday, June 28th. Investec reiterated a “buy” rating and set a GBX 405 ($5.23) price target on shares of Dixons Carphone PLC in a report on Wednesday, May 24th. HSBC Holdings plc lowered their price target on Dixons Carphone PLC from GBX 450 ($5.81) to GBX 430 ($5.55) and set a “buy” rating on the stock in a report on Wednesday, May 17th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a GBX 420 ($5.42) price target on shares of Dixons Carphone PLC in a report on Wednesday, June 7th. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 317.63 ($4.10).
Dixons Carphone PLC (LON:DC) traded down 0.94% on Thursday, hitting GBX 168.40. 5,025,996 shares of the stock were exchanged. The company’s market cap is GBX 1.94 billion. Dixons Carphone PLC has a one year low of GBX 155.40 and a one year high of GBX 389.20. The company’s 50 day moving average price is GBX 232.09 and its 200-day moving average price is GBX 289.63.
In other news, insider Katie Bickerstaffe bought 10,000 shares of Dixons Carphone PLC stock in a transaction that occurred on Wednesday, September 6th. The stock was purchased at an average cost of GBX 165 ($2.13) per share, with a total value of £16,500 ($21,309.57). Also, insider Andrew Harrison sold 1,000,000 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was sold at an average price of GBX 278 ($3.59), for a total value of £2,780,000 ($3,590,339.66). Insiders bought 98,216 shares of company stock valued at $18,994,098 over the last three months.
Dixons Carphone PLC Company Profile
Dixons Carphone plc (Dixons Carphone) is an electrical and telecommunications retailer and services company. The Company operates through four segments: UK & Ireland, Nordics, Southern Europe and Connected World Services (CWS). Dixons Carphone offers a range of electrical and mobile products, connectivity and expert after-sales services from the Geek Squad and KNOWHOW.
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