DCC (LON:DCC) Reaches New 12-Month High at $5,388.00

Shares of DCC plc (LON:DCC) reached a new 52-week high on Monday . The company traded as high as GBX 5,388 ($66.17) and last traded at GBX 5,322 ($65.36), with a volume of 7128 shares trading hands. The stock had previously closed at GBX 5,348 ($65.68).

Analysts Set New Price Targets

Several research firms recently issued reports on DCC. Peel Hunt reissued a “buy” rating and issued a GBX 5,242 ($64.37) target price on shares of DCC in a report on Friday, September 8th. Berenberg Bank reduced their price objective on shares of DCC from GBX 7,250 ($89.03) to GBX 6,520 ($80.07) and set a “buy” rating for the company in a research note on Tuesday, September 5th.

DCC Price Performance

The firm has a 50 day moving average of GBX 4,611.78 and a 200-day moving average of GBX 4,550.66. The company has a current ratio of 1.28, a quick ratio of 0.89 and a debt-to-equity ratio of 87.76. The company has a market cap of £5.26 billion, a P/E ratio of 1,582.25, a P/E/G ratio of 4.37 and a beta of 0.66.

DCC Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 23rd will be issued a GBX 63.04 ($0.77) dividend. This represents a dividend yield of 1.35%. The ex-dividend date is Thursday, November 23rd. DCC’s dividend payout ratio (DPR) is presently 5,532.54%.

DCC Company Profile

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.