Shares of DCC plc (LON:DCC - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 5,134.25 ($69.90) and traded as low as GBX 4,680 ($63.72). DCC shares last traded at GBX 4,700 ($63.99), with a volume of 256,594 shares traded.
Analysts Set New Price Targets
Separately, Royal Bank of Canada decreased their target price on shares of DCC from GBX 5,400 ($73.52) to GBX 5,200 ($70.80) and set an "outperform" rating on the stock in a research report on Monday, May 19th.
Read Our Latest Report on DCC
DCC Price Performance
The company has a fifty day simple moving average of GBX 4,770.94 and a two-hundred day simple moving average of GBX 5,134.25. The company has a current ratio of 1.31, a quick ratio of 0.89 and a debt-to-equity ratio of 77.99. The stock has a market capitalization of £4.67 billion, a P/E ratio of 21.90, a PEG ratio of 4.37 and a beta of 0.74.
DCC announced that its board has approved a share buyback plan on Tuesday, May 27th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.
Insiders Place Their Bets
In other DCC news, insider Kevin Lucey sold 1,850 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of GBX 4,541 ($61.82), for a total value of £84,008.50 ($114,375.09). Also, insider Donal Murphy sold 8,150 shares of the stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of GBX 4,541 ($61.82), for a total transaction of £370,091.50 ($503,868.62). Corporate insiders own 0.23% of the company's stock.
DCC Company Profile
(
Get Free Report)
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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