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

Key Points

• DCC plc shares fell below their 200-day moving average of GBX 4,848.10, trading as low as GBX 4,640.
• Analysts hold a consensus rating of "Moderate Buy" for DCC, with an average price target of GBX 5,800.
• The company has approved a share repurchase plan, indicating confidence in its stock valuation.

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 4,848.10 ($65.62) and traded as low as GBX 4,640 ($62.80). DCC shares last traded at GBX 4,710 ($63.75), with a volume of 1,991,124 shares trading hands.

Wall Street Analysts Forecast Growth

DCC has been the subject of several recent research reports. Royal Bank Of Canada lowered their price objective on DCC from GBX 5,400 to GBX 5,200 and set an "outperform" rating for the company in a research report on Monday, May 19th. Berenberg Bank reiterated a "buy" rating and issued a GBX 6,700 price objective on shares of DCC in a research report on Tuesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 5,500 price objective on shares of DCC in a research report on Friday, July 11th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, DCC has a consensus rating of "Moderate Buy" and a consensus price target of GBX 5,800.

DCC Stock Performance

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 has a market cap of £4.61 billion, a P/E ratio of 2,274.04, a P/E/G ratio of 4.37 and a beta of 0.74. The business has a fifty day moving average of GBX 4,742.19 and a 200 day moving average of GBX 4,848.10.

DCC declared that its Board of Directors has approved a share repurchase plan on Tuesday, May 27th that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its shares are 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.

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