DCC (LON:DCC) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of DCC plc (LON:DCC) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 4,892.88 and traded as high as GBX 5,820. DCC shares last traded at GBX 5,765, with a volume of 62,679,645 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DCC shares. Royal Bank Of Canada raised DCC to a “sector perform” rating and increased their target price for the company from GBX 5,400 to GBX 6,500 in a report on Thursday, April 30th. Berenberg Bank reissued a “buy” rating and issued a GBX 6,300 target price on shares of DCC in a report on Thursday, February 5th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 6,100 target price on shares of DCC in a report on Thursday, April 30th. UBS Group reissued a “buy” rating and issued a GBX 6,500 target price on shares of DCC in a report on Friday, January 23rd. Finally, Panmure Gordon reissued a “hold” rating and issued a GBX 4,708 target price on shares of DCC in a report on Monday, January 19th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, DCC has a consensus rating of “Moderate Buy” and an average price target of GBX 5,891.86.

DCC Price Performance

The firm has a 50 day moving average price of GBX 4,984.55 and a 200 day moving average price of GBX 4,892.88. The company has a quick ratio of 0.89, a current ratio of 1.36 and a debt-to-equity ratio of 85.00. The stock has a market cap of £4.89 billion, a P/E ratio of -75.57, a P/E/G ratio of 4.37 and a beta of 0.62.

About DCC

DCC is a customer-focused energy business, specialising in the sales, marketing, and distribution of secure, cleaner and competitive energy solutions to commercial, industrial, domestic, and transport customers. Headquartered in Dublin, DCC is listed on the London Stock Exchange and is a constituent of the FTSE 100.