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

Berenberg Bank reiterated their buy rating on shares of DCC (LON:DCC) in a research report released on Tuesday morning, Marketbeat Ratings reports. The firm currently has a GBX 7,020 ($88.47) target price on the stock.

Separately, Royal Bank of Canada raised shares of DCC to an “outperform” rating and lifted their price objective for the stock from GBX 5,700 ($71.83) to GBX 5,800 ($73.09) in a research report on Thursday, August 15th.

DCC Trading Down 0.4 %

LON DCC opened at GBX 5,400 ($68.05) on Tuesday. The business’s fifty day moving average is GBX 5,143.95 and its 200-day moving average is GBX 5,394.11. 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 stock has a market capitalization of £5.34 billion, a price-to-earnings ratio of 1,636.36, a PEG ratio of 4.37 and a beta of 0.74. DCC has a one year low of GBX 4,828 ($60.84) and a one year high of GBX 6,075 ($76.56).

DCC Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 21st will be given a dividend of GBX 66.19 ($0.83) per share. The ex-dividend date is Thursday, November 21st. This represents a yield of 1.33%. DCC’s dividend payout ratio is presently 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.