Numis Securities Ltd Reiterates “Hold” Rating for Dixons Carphone PLC (DC)
Dixons Carphone PLC (LON:DC)‘s stock had its “hold” rating reissued by investment analysts at Numis Securities Ltd in a note issued to investors on Wednesday. They presently have a GBX 185 ($2.39) price target on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 9.86% from the stock’s previous close.
DC has been the subject of a number of other reports. Credit Suisse Group lowered their price target on shares of Dixons Carphone PLC from GBX 420 ($5.42) to GBX 400 ($5.17) and set an “outperform” rating for the company in a report on Monday, July 3rd. 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. Barclays PLC upped their price target on shares of Dixons Carphone PLC from GBX 370 ($4.78) to GBX 400 ($5.17) and gave the company an “overweight” rating in a report on Thursday, June 29th. Liberum Capital reiterated an “under review” rating on shares of Dixons Carphone PLC in a report on Thursday, August 24th. Finally, HSBC Holdings plc reiterated a “buy” rating and set a GBX 410 ($5.30) price target on shares of Dixons Carphone PLC in a report on Friday, July 21st. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of GBX 317.63 ($4.10).
Dixons Carphone PLC (LON DC) traded down 0.94% during midday trading on Wednesday, hitting GBX 168.40. 5,025,996 shares of the stock traded hands. The company’s market capitalization is GBX 1.94 billion. Dixons Carphone PLC has a 52 week low of GBX 155.40 and a 52 week high of GBX 391.20. The stock’s 50-day moving average price is GBX 232.09 and its 200 day moving average price is GBX 289.63.
In other Dixons Carphone PLC news, insider Katie Bickerstaffe bought 10,000 shares of Dixons Carphone PLC stock in a transaction dated Wednesday, September 6th. The shares were 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 company’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of GBX 278 ($3.59), for a total transaction of £2,780,000 ($3,590,339.66). Over the last three months, insiders have acquired 98,216 shares of company stock worth $18,994,098.
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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