DCC (LON:DCC) Stock Passes Below 200 Day Moving Average – Here’s Why

DCC plc (LON:DCC)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 4,811.20 and traded as low as GBX 4,557.58. DCC shares last traded at GBX 4,736, with a volume of 2,245,890 shares.

Analysts Set New Price Targets

Several equities analysts have recently commented on DCC shares. UBS Group restated a “buy” rating and issued a GBX 7,500 target price on shares of DCC in a research report on Friday, November 7th. Berenberg Bank restated a “buy” rating and set a GBX 6,700 price objective on shares of DCC in a research report on Tuesday, November 11th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 5,635 target price on shares of DCC in a report on Tuesday, November 11th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, DCC has an average rating of “Moderate Buy” and a consensus target price of GBX 6,107.

DCC Stock Performance

The firm has a market capitalization of £4.56 billion, a price-to-earnings ratio of -62.04, a PEG ratio of 4.37 and a beta of 0.74. The company has a current ratio of 1.31, a quick ratio of 0.89 and a debt-to-equity ratio of 77.99. The stock’s 50-day moving average is GBX 4,929.52 and its 200-day moving average is GBX 4,811.20.

About DCC

DCC plc is a leading international sales, marketing and support services group operating in 22 countries, supplying products and services used by millions of people every day. Headquartered in Dublin, the Group operates across three sectors: energy, healthcare and technology, employing over 16,000 people. DCC plc is listed on the London Stock Exchange and is a constituent of the FTSE 100.