DCC (LON:DCC) Share Price Passes Below Two Hundred Day Moving Average - What's Next?

Shares of DCC plc (LON:DCC - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 5,030.32 ($67.86) and traded as low as GBX 4,764 ($64.27). DCC shares last traded at GBX 4,768 ($64.32), with a volume of 218,503 shares.

Analyst Ratings Changes

A number of brokerages recently issued reports on DCC. Royal Bank Of Canada dropped their target price on shares of DCC from GBX 5,400 ($72.85) to GBX 5,200 ($70.15) and set an "outperform" rating on the stock in a research report on Monday, May 19th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 5,500 ($74.19) price target on shares of DCC in a report on Friday.

DCC Price Performance

The stock has a market cap of £4.69 billion, a P/E ratio of 21.97, a price-to-earnings-growth ratio of 4.37 and a beta of 0.74. 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 company's fifty day simple moving average is GBX 4,726.10 and its 200-day simple moving average is GBX 5,021.23.

DCC announced that its board has authorized a stock buyback program on Tuesday, May 27th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company's board believes its shares are undervalued.

Insider Activity

In other news, insider Donal Murphy sold 8,150 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of GBX 4,541 ($61.26), for a total value of £370,091.50 ($499,246.59). Also, insider Kevin Lucey sold 1,850 shares of the company's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of GBX 4,541 ($61.26), for a total transaction of £84,008.50 ($113,325.91). 0.23% of the stock is currently owned by corporate insiders.

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.