UBS Group Reaffirms Buy Rating for DCC (DCC)

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DCC (LON:DCC)‘s stock had its “buy” rating restated by investment analysts at UBS Group in a report released on Thursday, investing.thisismoney.co.uk reports.

Several other equities research analysts have also recently weighed in on the company. Canaccord Genuity reissued a “buy” rating and issued a GBX 8,540 ($111.59) price target on shares of DCC in a research note on Tuesday, February 5th. Peel Hunt reissued an “add” rating and issued a GBX 7,108 ($92.88) price target on shares of DCC in a research note on Tuesday, February 5th. Goldman Sachs Group cut DCC to a “neutral” rating and decreased their price target for the company from GBX 8,500 ($111.07) to GBX 7,900 ($103.23) in a research note on Monday, January 21st. Berenberg Bank decreased their price target on DCC from GBX 8,700 ($113.68) to GBX 8,350 ($109.11) and set a “buy” rating for the company in a research note on Monday, November 19th. Finally, JPMorgan Chase & Co. increased their price target on DCC from GBX 8,380 ($109.50) to GBX 8,640 ($112.90) and gave the company an “overweight” rating in a research note on Wednesday, November 14th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. DCC has an average rating of “Buy” and a consensus price target of GBX 8,374.22 ($109.42).

Shares of DCC stock opened at GBX 6,785 ($88.66) on Thursday. DCC has a 1-year low of GBX 6,490 ($84.80) and a 1-year high of GBX 7,762.50 ($101.43).

In other DCC news, insider Mark Breuer bought 340 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The shares were bought at an average price of GBX 5,815 ($75.98) per share, for a total transaction of £19,771 ($25,834.31).

DCC Company Profile

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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