DCC (LON:DCC) Earns "Hold" Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their hold rating on shares of DCC (LON:DCC - Free Report) in a research note published on Friday morning, Marketbeat.com reports. They currently have a GBX 5,500 ($73.85) price objective on the stock.

Separately, Royal Bank Of Canada lowered their target price on DCC from GBX 5,400 ($72.50) to GBX 5,200 ($69.82) and set an "outperform" rating for the company in a research note on Monday, May 19th.

DCC Trading Down 1.1%

Shares of LON:DCC traded down GBX 52 ($0.70) during midday trading on Friday, reaching GBX 4,682 ($62.86). The company's stock had a trading volume of 231,485 shares, compared to its average volume of 618,850. The firm has a market cap of £4.63 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 4.37 and a beta of 0.74. The business has a 50 day moving average price of GBX 4,726.10 and a 200 day moving average price of GBX 5,019.36. DCC has a 1 year low of GBX 4,452 ($59.77) and a 1 year high of GBX 5,865 ($78.75). The company has a quick ratio of 0.89, a current ratio of 1.31 and a debt-to-equity ratio of 77.99.

DCC declared that its board has approved a share repurchase program on Tuesday, May 27th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Insider Activity at DCC

In related news, insider Donal Murphy sold 8,150 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of GBX 4,541 ($60.97), for a total value of £370,091.50 ($496,900.51). Also, insider Kevin Lucey sold 1,850 shares of DCC stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of GBX 4,541 ($60.97), for a total transaction of £84,008.50 ($112,793.37). 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.