DCC (LON:DCC) Stock Crosses Below 200 Day Moving Average - Here's What Happened

Key Points

• DCC plc shares have fallen below their 200-day moving average of GBX 4,905.44, currently trading at GBX 4,840.
• Analysts have mixed ratings on DCC, with a consensus rating of "Moderate Buy" and a target price of GBX 5,906.67.
• The company has approved a stock buyback plan, indicating the board's belief that shares may be undervalued.

DCC plc (LON:DCC - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,905.44 ($66.22) and traded as low as GBX 4,770 ($64.39). DCC shares last traded at GBX 4,840 ($65.33), with a volume of 168,716 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DCC shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 5,500 price objective on shares of DCC in a report on Friday, July 11th. Royal Bank Of Canada cut their price objective on DCC from GBX 5,400 to GBX 5,200 and set an "outperform" rating on the stock in a report on Monday, May 19th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 5,906.67.

DCC Stock Performance

The stock's fifty day moving average is GBX 4,732.09 and its two-hundred day moving average is GBX 4,893.54. The firm has a market capitalization of £4.65 billion, a price-to-earnings ratio of 21.79, a P/E/G 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.

DCC announced that its board has initiated a stock buyback plan on Tuesday, May 27th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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.