DCC (DCC) Price Target Cut to GBX 8,000 by Analysts at UBS Group

DCC (LON:DCC) had its price target lowered by stock analysts at UBS Group from GBX 8,500 ($111.07) to GBX 8,000 ($104.53) in a note issued to investors on Wednesday, investing.thisismoney.co.uk reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price objective would indicate a potential upside of 40.11% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Peel Hunt reissued an “add” rating on shares of DCC in a research report on Thursday, August 23rd. Berenberg Bank reduced their price target on shares of DCC from GBX 8,700 ($113.68) to GBX 8,350 ($109.11) and set a “buy” rating for the company in a research report on Monday. Canaccord Genuity reissued a “buy” rating and set a GBX 8,540 ($111.59) price target on shares of DCC in a research report on Thursday, September 27th. Royal Bank of Canada reissued an “outperform” rating and set a GBX 9,500 ($124.13) price target on shares of DCC in a research report on Friday, September 7th. Finally, JPMorgan Chase & Co. raised their price target on shares of DCC from GBX 8,380 ($109.50) to GBX 8,640 ($112.90) and gave the company an “overweight” rating in a research report on Wednesday, November 14th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. DCC currently has an average rating of “Buy” and a consensus price target of GBX 8,426 ($110.10).

Shares of DCC opened at GBX 5,710 ($74.61) on Wednesday. DCC has a twelve month low of GBX 6,490 ($84.80) and a twelve month high of GBX 7,762.50 ($101.43).

In related news, insider Mark Breuer bought 340 shares of the business’s stock in a transaction on Monday, November 19th. The stock was acquired at an average price of GBX 5,815 ($75.98) per share, with a total value of £19,771 ($25,834.31).

About DCC

DCC plc provides sales, marketing, and support services worldwide. The company's DCC LPG segment sells and markets liquefied petroleum gas (LPG). This segment serves approximately 0.7 million customers. Its DCC Retail & Oil segment engages in the procurement, sale, marketing, and distribution of LPG; operation of retail petrol stations; and reselling of fuel cards.

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Analyst Recommendations for DCC (LON:DCC)

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