DCC (LON:DCC) Share Price Crosses Below 200 Day Moving Average – Here’s Why

DCC plc (LON:DCC) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 4,768.81 ($63.52) and traded as low as GBX 4,746 ($63.22). DCC shares last traded at GBX 4,820.71 ($64.22), with a volume of 50,685,508 shares.

Analyst Ratings Changes

DCC has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 5,500 price target on shares of DCC in a research report on Friday, July 11th. Berenberg Bank reiterated a “buy” rating and set a GBX 6,700 price target on shares of DCC in a research report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, DCC currently has an average rating of “Moderate Buy” and a consensus price target of GBX 5,800.

DCC Stock Performance

The company has a debt-to-equity ratio of 77.99, a current ratio of 1.31 and a quick ratio of 0.89. The stock has a market cap of £4.58 billion, a price-to-earnings ratio of 2,267.32, a PEG ratio of 4.37 and a beta of 0.74. The firm has a fifty day moving average of GBX 4,767.22 and a 200 day moving average of GBX 4,768.81.

DCC Company Profile

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.