BNP Paribas Reaffirms “Underperform” Rating for Dixons Carphone PLC (DC)
Dixons Carphone PLC (LON:DC)‘s stock had its “underperform” rating reissued by BNP Paribas in a note issued to investors on Monday. They currently have a GBX 150 ($1.98) price target on the stock. BNP Paribas’ price objective indicates a potential downside of 15.49% from the company’s previous close.
A number of other research analysts have also recently issued reports on DC. Credit Suisse Group decreased their price objective on shares of Dixons Carphone PLC from GBX 420 ($5.54) to GBX 400 ($5.28) and set an “outperform” rating on the stock in a research note on Monday, July 3rd. Liberum Capital reissued a “buy” rating and issued a GBX 430 ($5.67) price objective on shares of Dixons Carphone PLC in a research note on Friday, July 7th. Deutsche Bank AG decreased their price objective on shares of Dixons Carphone PLC from GBX 420 ($5.54) to GBX 400 ($5.28) and set a “buy” rating on the stock in a research note on Monday, July 17th. HSBC Holdings plc restated a “buy” rating and issued a GBX 410 ($5.41) target price on shares of Dixons Carphone PLC in a research report on Friday, July 21st. Finally, Investec restated a “not rated” rating on shares of Dixons Carphone PLC in a research report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 269.40 ($3.56).
Shares of Dixons Carphone PLC (DC) traded down 1.58% on Monday, hitting GBX 174.70. The stock had a trading volume of 3,937,345 shares. The company has a 50 day moving average of GBX 182.42 and a 200-day moving average of GBX 259.67. Dixons Carphone PLC has a 12-month low of GBX 155.40 and a 12-month high of GBX 373.28. The firm’s market capitalization is GBX 2.01 billion.
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In related news, insider Fiona McBain purchased 19,129 shares of the firm’s stock in a transaction on Thursday, August 24th. The stock was purchased at an average cost of GBX 182 ($2.40) per share, with a total value of £34,814.78 ($45,941.91). Also, insider Tony DeNunzio purchased 50,000 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was bought at an average cost of GBX 178 ($2.35) per share, with a total value of £89,000 ($117,445.24). In the last 90 days, insiders purchased 98,629 shares of company stock worth $17,400,478.
About Dixons Carphone PLC
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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