DCC (LON:DCC) Share Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• DCC plc shares have recently crossed below their 200-day moving average of GBX 4,804.02, currently trading at GBX 4,726.12, raising concerns about potential selling pressure.
• Analysts maintain a mixed outlook, with Berenberg Bank reaffirming a "buy" rating and setting a price target of GBX 6,700, while Deutsche Bank recommends holding with a target of GBX 5,500.
• The company has a market capitalization of £4.59 billion and operates in various sectors including energy, healthcare, and technology, employing over 16,000 people globally.

DCC plc (LON:DCC - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,804.02 ($64.38) and traded as low as GBX 4,666 ($62.53). DCC shares last traded at GBX 4,726.12 ($63.34), with a volume of 312,678 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Berenberg Bank reissued a "buy" rating and set a GBX 6,700 price objective on shares of DCC in a research note on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 5,500 price objective on shares of DCC in a research note on Friday, July 11th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 5,800.

DCC Stock Up 0.3%

The stock has a market capitalization of £4.59 billion, a PE ratio of 2,267.38, a price-to-earnings-growth ratio of 4.37 and a beta of 0.74. The company has a quick ratio of 0.89, a current ratio of 1.31 and a debt-to-equity ratio of 77.99. The company's fifty day moving average price is GBX 4,743.77 and its 200-day moving average price is GBX 4,804.02.

DCC Company Profile

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.

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