DCC (DCC) Receives “Buy” Rating from Berenberg Bank

Berenberg Bank restated their buy rating on shares of DCC (LON:DCC) in a research report released on Thursday. They currently have a GBX 8,700 ($118.01) price target on the stock.

DCC has been the subject of several other research reports. Canaccord Genuity restated a buy rating and issued a GBX 8,471 ($114.91) price objective on shares of DCC in a report on Wednesday, February 7th. JPMorgan Chase raised their price objective on DCC from GBX 8,160 ($110.69) to GBX 8,380 ($113.67) and gave the company an overweight rating in a report on Wednesday. Finally, Peel Hunt restated an add rating on shares of DCC in a report on Tuesday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of GBX 8,342.86 ($113.17).

Shares of DCC traded up GBX 90 ($1.22), hitting GBX 7,450 ($101.06), during trading on Thursday, Marketbeat reports. The company’s stock had a trading volume of 324,962 shares, compared to its average volume of 258,121. DCC has a 52 week low of GBX 6,490 ($88.04) and a 52 week high of GBX 7,762.50 ($105.30).

The firm also recently declared a dividend, which will be paid on Thursday, July 19th. Investors of record on Thursday, May 24th will be issued a dividend of GBX 82.09 ($1.11) per share. The ex-dividend date of this dividend is Thursday, May 24th. This represents a yield of 1.14%. This is a boost from DCC’s previous dividend of $74.63.

DCC Company Profile

DCC plc provides sales, marketing, and business support services worldwide. The company's DCC Energy segment offers oil and liquefied petroleum gas products to commercial, retail, agricultural, industrial, marine, and other customers, as well as fuel cards. This segment serves approximately 1.4 million customers in approximately 9 countries.

Analyst Recommendations for DCC (LON:DCC)

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