DCC (LON:DCC) Earns Buy Rating from Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of DCC (LON:DCC) in a research note published on Tuesday, MarketBeat.com reports. They currently have a GBX 7,020 ($88.47) price target on the stock.

Separately, Royal Bank of Canada upgraded shares of DCC to an “outperform” rating and raised their price objective for the company from GBX 5,700 ($71.83) to GBX 5,800 ($73.09) in a research report on Thursday, August 15th.

DCC Stock Down 0.4 %

Shares of LON DCC opened at GBX 5,400 ($68.05) on Tuesday. The company has a quick ratio of 0.89, a current ratio of 1.18 and a debt-to-equity ratio of 73.97. The company has a market cap of £5.34 billion, a P/E ratio of 1,636.36, a P/E/G ratio of 4.37 and a beta of 0.74. DCC has a 52 week low of GBX 4,828 ($60.84) and a 52 week high of GBX 6,075 ($76.56). The business has a 50-day simple moving average of GBX 5,143.95 and a two-hundred day simple moving average of GBX 5,394.11.

DCC Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 21st will be paid a GBX 66.19 ($0.83) dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a yield of 1.33%. DCC’s dividend payout ratio is currently 5,969.70%.

About DCC

DCC plc provides sales, marketing, and support services worldwide. The company operates through DCC Energy, DCC Healthcare, and DCC Technology segments. It sells and markets liquefied petroleum gas (LPG), refrigerants, and natural gas; markets, sells, and retails transport and commercial fuels, heating oils, and related products and services; operates retail petrol stations; resells fuel cards; distributes oil; and provides logistics services.