Berenberg Bank Reiterates Buy Rating for DCC (LON:DCC)

Berenberg Bank restated their buy rating on shares of DCC (LON:DCC) in a report released on Tuesday morning, MarketBeat.com reports. They currently have a GBX 7,020 ($90.34) price objective on the stock.

Separately, Royal Bank of Canada raised shares of DCC to an “outperform” rating and boosted their price objective for the company from GBX 5,700 ($73.35) to GBX 5,800 ($74.64) in a research report on Thursday, August 15th.

DCC Trading Down 0.6 %

Shares of DCC stock opened at GBX 5,420 ($69.75) 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 stock has a market capitalization of £5.36 billion, a P/E ratio of 1,642.42, a P/E/G ratio of 4.37 and a beta of 0.74. DCC has a fifty-two week low of GBX 4,828 ($62.13) and a fifty-two week high of GBX 6,075 ($78.18). The stock has a 50-day simple moving average of GBX 5,142.95 and a 200 day simple moving average of GBX 5,394.25.

DCC Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 21st will be paid a dividend of GBX 66.19 ($0.85) per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a yield of 1.33%. DCC’s dividend payout ratio is 5,969.70%.

DCC Company Profile

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.