DPC (NYSE:DPC) Coverage Initiated at Royal Bank Of Canada

Research analysts at Royal Bank Of Canada assumed coverage on shares of DPC (NYSE:DPC) in a research report issued to clients and investors on Monday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $53.00 price target on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 11.56% from the company’s current price.

DPC has been the subject of several other reports. Wall Street Zen upgraded shares of DPC to a “hold” rating in a research report on Saturday, July 4th. Jefferies Financial Group began coverage on DPC in a report on Monday. They issued a “buy” rating and a $56.00 target price on the stock. Morgan Stanley started coverage on DPC in a research note on Monday. They issued an “equal weight” rating and a $47.00 price target on the stock. Finally, Rothschild & Co Redburn assumed coverage on DPC in a report on Monday. They set a “buy” rating and a $53.50 price target for the company. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $52.38.

DPC Trading Up 5.4%

NYSE DPC opened at $47.51 on Monday. DPC has a 1 year low of $42.90 and a 1 year high of $53.50.

Insider Activity at DPC

In other news, CFO David John Egan acquired 275,363 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were bought at an average price of $33.00 per share, with a total value of $9,086,979.00. Following the acquisition, the chief financial officer directly owned 294,529 shares in the company, valued at $9,719,457. The trade was a 1,436.73% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Jason Mays acquired 85,973 shares of DPC stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average price of $33.00 per share, for a total transaction of $2,837,109.00. Following the transaction, the chief operating officer directly owned 93,456 shares in the company, valued at $3,084,048. The trade was a 1,148.91% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders acquired 2,297,621 shares of company stock valued at $75,821,493.