DCC’s (DCC) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of DCC (LON:DCC) in a report published on Tuesday, Marketbeat reports. Berenberg Bank currently has a GBX 7,020 ($90.34) target price on the stock.

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

DCC Price Performance

LON:DCC opened at GBX 5,420 ($69.75) on Tuesday. The company has a debt-to-equity ratio of 73.97, a quick ratio of 0.89 and a current ratio of 1.18. DCC has a one year low of GBX 4,828 ($62.13) and a one year high of GBX 6,075 ($78.18). The stock has a 50 day moving average price of GBX 5,142.95 and a 200 day moving average price of GBX 5,394.25. The stock has a market cap of £5.36 billion, a PE ratio of 1,642.42, a P/E/G ratio of 4.37 and a beta of 0.74.

DCC Cuts Dividend

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