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

DCC (LON:DCC)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a research note issued to investors on Tuesday, Marketbeat reports. They presently have a GBX 7,020 ($90.34) price target on the stock. Berenberg Bank’s price target suggests a potential upside of 28.69% from the company’s current price.

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

DCC Trading Down 3.8 %

Shares of LON:DCC opened at GBX 5,455 ($70.20) on Tuesday. DCC has a 1 year low of GBX 4,670 ($60.10) and a 1 year high of GBX 6,075 ($78.18). The firm has a market capitalization of £5.39 billion, a price-to-earnings ratio of 1,653.03, a price-to-earnings-growth 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’s 50 day moving average price is GBX 5,141.25 and its 200-day moving average price is GBX 5,394.36.

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.