Liberum Capital Downgrades Dixons Carphone (DC) to Hold

Dixons Carphone (LON:DC) was downgraded by research analysts at Liberum Capital to a “hold” rating in a note issued to investors on Wednesday.

Several other equities analysts also recently weighed in on DC. Citigroup dropped their price objective on Dixons Carphone from GBX 230 ($3.06) to GBX 220 ($2.93) and set a “buy” rating for the company in a research note on Friday, June 8th. AlphaValue downgraded Dixons Carphone to an “add” rating in a research note on Thursday, May 31st. Credit Suisse Group cut Dixons Carphone to a “neutral” rating and lowered their target price for the company from GBX 280 ($3.73) to GBX 190 ($2.53) in a report on Wednesday, May 30th. Morgan Stanley reiterated an “equal weight” rating and set a GBX 175 ($2.33) target price on shares of Dixons Carphone in a report on Monday, June 4th. Finally, Royal Bank of Canada increased their target price on Dixons Carphone from GBX 230 ($3.06) to GBX 250 ($3.33) and gave the company an “outperform” rating in a report on Friday, May 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. Dixons Carphone presently has a consensus rating of “Hold” and an average price target of GBX 201 ($2.68).

LON DC opened at GBX 190.61 ($2.54) on Wednesday. Dixons Carphone has a 1-year low of GBX 145.72 ($1.94) and a 1-year high of GBX 349.60 ($4.65).

About Dixons Carphone

Dixons Carphone plc operates as an electrical and telecommunications retailer and service company. The company operates through four segments: UK & Ireland, Nordics, Southern Europe, and Connected World Services (CWS). It offers various products and services in the United Kingdom and Ireland, including mobile handsets and other connected devices under the Carphone Warehouse brand; electrical and telecommunications products under the CurrysPCWorld Carphone Warehouse brand; computing products and services to business to business customers under the PC World Business name; travelling services with stores at airports under the Dixons Travel brand; and services under the Knowhow brand, as well as repairs and support services for Carphone Warehouse and Phone House under the Geek Squad brand name.

Analyst Recommendations for Dixons Carphone (LON:DC)

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