DCC’s (DCC) Buy Rating Reaffirmed at HSBC

HSBC reaffirmed their buy rating on shares of DCC (LON:DCC) in a research report sent to investors on Monday morning, Digital Look reports. They currently have a GBX 8,350 ($109.84) target price on the stock.

DCC has been the topic of a number of other reports. Goldman Sachs Group reduced their target price on shares of DCC from GBX 7,900 ($103.92) to GBX 7,500 ($98.66) and set a neutral rating on the stock in a report on Thursday, November 21st. Peel Hunt reaffirmed an add rating and issued a GBX 7,108 ($93.50) price objective on shares of DCC in a research note on Tuesday, November 12th. Berenberg Bank reaffirmed a buy rating on shares of DCC in a research note on Wednesday, December 4th. Morgan Stanley reaffirmed an overweight rating on shares of DCC in a research note on Monday, November 11th. Finally, Royal Bank of Canada reaffirmed an outperform rating on shares of DCC in a research note on Friday. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. DCC has an average rating of Buy and an average target price of GBX 8,068.80 ($106.14).

DCC opened at GBX 6,578 ($86.53) on Monday. DCC has a fifty-two week low of GBX 6,110 ($80.37) and a fifty-two week high of GBX 8,558.30 ($112.58). The company has a debt-to-equity ratio of 101.35, a current ratio of 1.52 and a quick ratio of 1.22. The firm has a market capitalization of $6.44 billion and a price-to-earnings ratio of 27.87. The company’s 50 day moving average price is GBX 6,511.36 and its two-hundred day moving average price is GBX 6,817.33.

About DCC

DCC plc provides sales, marketing, and support services worldwide. The company's DCC LPG segment sells and markets liquefied petroleum gas (LPG). This segment serves approximately 0.7 million customers. Its DCC Retail & Oil segment engages in the procurement, sale, marketing, and distribution of LPG; operation of retail petrol stations; and reselling of fuel cards.

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Analyst Recommendations for DCC (LON:DCC)

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