JPMorgan Chase & Co. reaffirms “overweight” rating for DCC (LON:DCC)
DCC (LON:DCC – Get a rating)The stock of was re-rated to “overweight” by equity research analysts at JPMorgan Chase & Co. in a research note published on Friday, LSE.Co.UK reports. They currently have a price target of 7,500 GBX ($90.62) on the stock. JPMorgan Chase & Co.the price target would point to a potential upside of 54.80% from the stock’s previous close.
CDC has been the subject of several other reports. Berenberg Bank reissued a “buy” rating and issued a price target of 7,250 GBX ($87.60) on DCC shares in a research report on Tuesday, May 17. Royal Bank of Canada downgraded DCC to an “industry performance” rating and reduced its price target for the company from 7,500 GBX ($90.62) to 5,800 GBX ($70.08) in a research note from Monday, May 30. Finally, Barclays restated an “underweight” rating and published a target price of 5,550 GBX ($67.06) on DCC shares in a research note on Tuesday, July 19. One research analyst has rated the stock with a sell rating, another has assigned a hold rating, and three have assigned the stock a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of 6,852 GBX ($82.79).
DCC stock up 1.1%
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Shares of LON:DCC opened at 4,845 GBX ($58.54) on Friday. The company has a market capitalization of £4.78 billion and a P/E ratio of 1,533.23. The company has a quick ratio of 0.95, a current ratio of 1.37 and a debt ratio of 80.01. DCC has a 12-month minimum of 4,725 GBX ($57.09) and a 12-month maximum of 6,520 GBX ($78.78). The company has a fifty-day simple moving average of 5,158.94 GBX and a 200-day simple moving average of 5,530.91 GBX.
DCC plc provides worldwide sales, marketing and support services. The Company’s DCC LPG segment sells and markets liquefied petroleum gas (LPG), refrigerants and natural gas. Its DCC Retail & Oil segment markets, sells and retails transportation and commercial fuels, heating oils and related products and services; operates retail gas stations; resells fuel cards; distributes oil; and provides inbound logistics, storage and refill, and outbound logistics services.
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