DCC (LON:DCC) Shares Cross Above Fifty Day Moving Average – What’s Next?

Shares of DCC plc (LON:DCC) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 5,299.36 ($66.30) and traded as high as GBX 5,305 ($66.37). DCC shares last traded at GBX 5,235 ($65.49), with a volume of 858,882 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 7,020 ($87.83) price objective on shares of DCC in a research report on Tuesday, November 12th.

DCC Stock Down 0.2 %

The stock has a market capitalization of £5.17 billion, a price-to-earnings ratio of 1,583.33, a PEG ratio of 4.37 and a beta of 0.74. The company has a debt-to-equity ratio of 73.97, a current ratio of 1.18 and a quick ratio of 0.89. The business has a fifty day moving average of GBX 5,299.36 and a 200 day moving average of GBX 5,331.04.

DCC Cuts Dividend

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

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.