Dixons Carphone PLC (LON:DC) Given Consensus Recommendation of “Buy” by Brokerages

Dixons Carphone PLC (LON:DC) has been assigned a consensus recommendation of “Buy” from the seventeen research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 402.40 ($5.24).

DC has been the subject of a number of research analyst reports. Canaccord Genuity decreased their price target on shares of Dixons Carphone PLC from GBX 440 ($5.73) to GBX 395 ($5.14) and set a “buy” rating for the company in a report on Thursday, May 25th. Investec reaffirmed a “buy” rating and issued a GBX 405 ($5.27) price target on shares of Dixons Carphone PLC in a report on Wednesday, May 24th. Liberum Capital reaffirmed a “buy” rating and issued a GBX 430 ($5.60) price target on shares of Dixons Carphone PLC in a report on Wednesday, May 24th. HSBC Holdings plc decreased their price target on shares of Dixons Carphone PLC from GBX 450 ($5.86) to GBX 430 ($5.60) and set a “buy” rating for the company in a report on Wednesday, May 17th. Finally, Deutsche Bank AG reissued a “buy” rating and set a GBX 420 ($5.47) target price on shares of Dixons Carphone PLC in a report on Friday, April 28th.

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Shares of Dixons Carphone PLC (LON:DC) opened at 265.70 on Tuesday. Dixons Carphone PLC has a 52 week low of GBX 258.01 and a 52 week high of GBX 391.20. The stock has a 50 day moving average price of GBX 275.85 and a 200 day moving average price of GBX 305.18. The stock’s market capitalization is GBX 3.06 billion.

The firm also recently declared a dividend, which will be paid on Friday, September 22nd. Investors of record on Thursday, August 24th will be given a dividend of GBX 7.75 ($0.10) per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a yield of 2.64%.

In other Dixons Carphone PLC news, insider Andrew Harrison sold 1,000,000 shares of Dixons Carphone PLC stock in a transaction dated Monday, July 10th. The shares were sold at an average price of GBX 278 ($3.62), for a total transaction of £2,780,000 ($3,620,263.06). Also, insider Lord Livingston bought 19,087 shares of Dixons Carphone PLC stock in a transaction on Friday, July 14th. The shares were purchased at an average cost of GBX 260 ($3.39) per share, for a total transaction of £49,626.20 ($64,625.86).

Dixons Carphone PLC Company Profile

Dixons Carphone plc (Dixons Carphone) is an electrical and telecommunications retailer and services company. The Company operates through four segments: UK & Ireland, Nordics, Southern Europe and Connected World Services (CWS). Dixons Carphone offers a range of electrical and mobile products, connectivity and expert after-sales services from the Geek Squad and KNOWHOW.