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

DCC plc (LON:DCC - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 5,030.32 ($68.47) and traded as low as GBX 4,764 ($64.84). DCC shares last traded at GBX 4,768 ($64.90), with a volume of 218,503 shares.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada cut their price objective on DCC from GBX 5,400 ($73.50) to GBX 5,200 ($70.78) and set an "outperform" rating for the company in a research note on Monday, May 19th.

DCC Trading Down 0.5%

The company has a 50 day simple moving average of GBX 4,735.78 and a 200 day simple moving average of GBX 5,030.32. The company has a debt-to-equity ratio of 77.99, a quick ratio of 0.89 and a current ratio of 1.31. The company has a market capitalization of £4.70 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 4.37 and a beta of 0.74.

DCC declared that its Board of Directors has authorized a stock buyback program on Tuesday, May 27th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

Insider Activity at DCC

In other news, insider Donal Murphy sold 8,150 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 ($61.81), for a total transaction of £370,091.50 ($503,731.46). Also, 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 ($61.81), for a total value of £84,008.50 ($114,343.95). Insiders own 0.23% of the company's stock.

About DCC

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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