DCC (LON:DCC) Shares Down 1.8% – Should You Sell?

DCC plc (LON:DCC)’s share price was down 1.8% during mid-day trading on Wednesday . The stock traded as low as GBX 5,450 ($68.79) and last traded at GBX 5,451.09 ($68.80). Approximately 459,769 shares changed hands during mid-day trading, an increase of 78% from the average daily volume of 258,001 shares. The stock had previously closed at GBX 5,550 ($70.05).

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 7,020 ($88.60) target price on shares of DCC in a research report on Tuesday, November 12th. Royal Bank of Canada upgraded shares of DCC to an “outperform” rating and boosted their price objective for the stock from GBX 5,700 ($71.94) to GBX 5,800 ($73.20) in a report on Thursday, August 15th.

DCC Trading Up 0.1 %

The business has a 50-day moving average price of GBX 5,272.97 and a 200-day moving average price of GBX 5,398.88. The company has a quick ratio of 0.89, a current ratio of 1.18 and a debt-to-equity ratio of 73.97. The firm has a market capitalization of £5.39 billion, a P/E ratio of 1,653.03, a PEG ratio of 4.37 and a beta of 0.74.

DCC Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 13th. Stockholders of record on Thursday, November 21st will be paid a GBX 66.19 ($0.84) dividend. This represents a dividend yield of 1.33%. The ex-dividend date is Thursday, November 21st. DCC’s dividend payout ratio is 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.