DCC’s (DCC) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of DCC (LON:DCC) in a research note released on Tuesday,Digital Look reports. They currently have a GBX 7,020 ($90.34) price target on the stock.

Separately, Royal Bank of Canada raised DCC to an “outperform” rating and lifted their price objective for the company from GBX 5,700 ($73.35) to GBX 5,800 ($74.64) in a research report on Thursday, August 15th.

DCC Trading Down 3.8 %

LON DCC traded down GBX 215 ($2.77) on Tuesday, reaching GBX 5,455 ($70.20). 444,468 shares of the company were exchanged, compared to its average volume of 245,408. The stock has a market capitalization of £5.39 billion, a P/E ratio of 1,653.03, a price-to-earnings-growth ratio of 4.37 and a beta of 0.74. DCC has a fifty-two week low of GBX 4,670 ($60.10) and a fifty-two week high of GBX 6,075 ($78.18). The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 73.97. The business’s fifty day moving average price is GBX 5,138.55 and its 200 day moving average price is GBX 5,395.26.

DCC Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 21st will be given a dividend of GBX 66.19 ($0.85) per share. The ex-dividend date is Thursday, November 21st. This represents a yield of 1.33%. DCC’s dividend payout ratio is 5,969.70%.

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.