DCC (LON:DCC) Stock Price Passes Below 200-Day Moving Average of $5,671.72

DCC plc (LON:DCC) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 5,671.72 ($72.07) and traded as low as GBX 5,560 ($70.65). DCC shares last traded at GBX 5,595 ($71.09), with a volume of 317,429 shares traded.

Analyst Ratings Changes

DCC has been the subject of several recent analyst reports. Royal Bank of Canada boosted their price target on shares of DCC from GBX 5,700 ($72.43) to GBX 5,800 ($73.70) and gave the stock a “sector perform” rating in a report on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 7,000 ($88.95) price objective on shares of DCC in a research report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 6,700 ($85.13) target price on shares of DCC in a research report on Thursday, June 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 6,252.40 ($79.45).

DCC Price Performance

The stock’s 50-day moving average is GBX 5,651.10 and its 200 day moving average is GBX 5,671.72. The company has a debt-to-equity ratio of 73.97, a quick ratio of 0.89 and a current ratio of 1.18. The stock has a market capitalization of £5.53 billion, a PE ratio of 1,695.45, a P/E/G ratio of 4.37 and a beta of 0.74.

DCC Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, July 18th. Stockholders of record on Thursday, May 23rd will be given a dividend of GBX 133.53 ($1.70) per share. The ex-dividend date is Thursday, May 23rd. This represents a dividend yield of 2.26%. This is a boost from DCC’s previous dividend of $63.04. DCC’s payout ratio is 5,969.70%.

Insider Activity at DCC

In other news, insider Kevin Lucey sold 2,040 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of GBX 5,610 ($71.28), for a total transaction of £114,444 ($145,418.04). Insiders own 0.21% of the company’s stock.

About DCC

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.