Shares of DCC plc (LON:DCC - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 5,169.93 ($70.06) and traded as low as GBX 4,570 ($61.93). DCC shares last traded at GBX 4,580 ($62.07), with a volume of 262,607 shares traded.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada dropped their price objective on DCC from GBX 5,400 ($73.18) to GBX 5,200 ($70.47) and set an "outperform" rating for the company in a research report on Monday, May 19th.
Check Out Our Latest Analysis on DCC
DCC Stock Down 0.3%
The company has a debt-to-equity ratio of 77.99, a current ratio of 1.31 and a quick ratio of 0.89. The stock has a market capitalization of £4.58 billion, a P/E ratio of 21.49, a P/E/G ratio of 4.37 and a beta of 0.74. The firm has a 50-day simple moving average of GBX 4,814.46 and a 200 day simple moving average of GBX 5,164.20.
DCC declared that its Board of Directors has initiated a share buyback program on Tuesday, May 27th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its shares are undervalued.
Insider Transactions at DCC
In other news, insider Donal Murphy sold 8,150 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of GBX 4,541 ($61.54), for a total transaction of £370,091.50 ($501,546.96). Also, insider Kevin Lucey sold 1,850 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of GBX 4,541 ($61.54), for a total value of £84,008.50 ($113,848.08). 0.23% of the stock is owned by corporate insiders.
About DCC
(
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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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