Dixons Carphone PLC (DC) Lowered to “Hold” at Canaccord Genuity

Canaccord Genuity downgraded shares of Dixons Carphone PLC (LON:DC) to a hold rating in a report published on Friday. The firm currently has GBX 180 ($2.34) price target on the stock, down from their prior price target of GBX 395 ($5.13).

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A number of other equities analysts have also recently weighed in on the company. HSBC Holdings plc cut Dixons Carphone PLC to a hold rating and lowered their price target for the stock from GBX 410 ($5.32) to GBX 200 ($2.60) in a report on Friday. Credit Suisse Group reiterated an outperform rating and set a GBX 280 ($3.63) price target (down from GBX 400 ($5.19)) on shares of Dixons Carphone PLC in a report on Friday. Barclays PLC reiterated an overweight rating and set a GBX 231 ($3.00) price target on shares of Dixons Carphone PLC in a report on Friday. Beaufort Securities reiterated a buy rating on shares of Dixons Carphone PLC in a report on Friday. Finally, Liberum Capital lowered their price target on Dixons Carphone PLC from GBX 430 ($5.58) to GBX 300 ($3.89) and set a buy rating for the company in a report on Friday. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 349.50 ($4.54).

Dixons Carphone PLC (LON:DC) traded up 0.94% during midday trading on Friday, reaching GBX 182.50. 20,110,293 shares of the company were exchanged. Dixons Carphone PLC has a 52 week low of GBX 155.40 and a 52 week high of GBX 391.20. The firm’s market capitalization is GBX 2.10 billion. The company has a 50-day moving average of GBX 257.50 and a 200 day moving average of GBX 298.86.

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

In related news, insider Lord Livingston purchased 19,087 shares of Dixons Carphone PLC stock in a transaction on Friday, July 14th. The shares were bought at an average price of GBX 260 ($3.38) per share, with a total value of £49,626.20 ($64,424.51). Also, insider Andrew Harrison sold 61,219 shares of the stock in a transaction dated Friday, July 7th. The shares were sold at an average price of GBX 288 ($3.74), for a total value of £176,310.72 ($228,885.78).

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.