Rothschild & Co Redburn Begins Coverage on DPC (NYSE:DPC)

Equities research analysts at Rothschild & Co Redburn started coverage on shares of DPC (NYSE:DPC) in a note issued to investors on Monday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $53.50 price target on the stock. Rothschild & Co Redburn’s price target points to a potential upside of 12.61% from the company’s current price.

DPC has been the subject of several other research reports. Wall Street Zen raised shares of DPC to a “hold” rating in a research note on Saturday, July 4th. Jefferies Financial Group assumed coverage on shares of DPC in a research note on Monday. They issued a “buy” rating and a $56.00 target price on the stock. Finally, Morgan Stanley initiated coverage on DPC in a report on Monday. They set an “equal weight” rating and a $47.00 target price on the stock. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $52.38.

DPC Stock Up 5.4%

Shares of NYSE DPC opened at $47.51 on Monday. DPC has a 52 week low of $42.90 and a 52 week high of $53.50.

Insiders Place Their Bets

In related news, Director Stanley A. Deal bought 16,360 shares of the business’s stock in a transaction on Friday, June 26th. The stock was acquired at an average cost of $33.00 per share, with a total value of $539,880.00. Following the purchase, the director directly owned 16,360 shares of the company’s stock, valued at $539,880. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David John Egan purchased 275,363 shares of DPC stock in a transaction dated Friday, June 26th. The shares were bought at an average price of $33.00 per share, for a total transaction of $9,086,979.00. Following the acquisition, the chief financial officer owned 294,529 shares in the company, valued at approximately $9,719,457. This trade represents a 1,436.73% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders acquired 2,297,621 shares of company stock worth $75,821,493.