Donal Murphy Sells 8,150 Shares of DCC plc (LON:DCC) Stock

DCC plc (LON:DCC - Get Free Report) insider Donal Murphy sold 8,150 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of GBX 4,541 ($61.17), for a total transaction of £370,091.50 ($498,574.03).

DCC Stock Performance

Shares of DCC stock traded up GBX 13.19 ($0.18) during trading hours on Wednesday, reaching GBX 4,621.19 ($62.26). 340,818 shares of the stock traded hands, compared to its average volume of 721,341. 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 firm has a market capitalization of £4.57 billion, a price-to-earnings ratio of 21.45, a P/E/G ratio of 4.37 and a beta of 0.74. The company has a 50 day moving average price of GBX 4,873.33 and a 200 day moving average price of GBX 5,183.75. DCC plc has a one year low of GBX 4,452 ($59.98) and a one year high of GBX 5,865 ($79.01).

DCC announced that its Board of Directors has initiated a share repurchase plan on Tuesday, May 27th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Separately, Royal Bank of Canada cut their target price on DCC from GBX 5,400 ($72.75) to GBX 5,200 ($70.05) and set an "outperform" rating on the stock in a research note on Monday, May 19th.

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.