DCC (LON:DCC) Hits New 52-Week High After Analyst Upgrade

DCC plc (LON:DCC) shares reached a new 52-week high on Thursday after Royal Bank of Canada raised their price target on the stock from GBX 5,700 to GBX 5,800. Royal Bank of Canada currently has a sector perform rating on the stock. DCC traded as high as GBX 5,980 ($75.11) and last traded at GBX 5,980 ($75.11), with a volume of 238546 shares traded. The stock had previously closed at GBX 5,770 ($72.47).

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 7,000 ($87.92) price objective on shares of DCC in a research note on Tuesday, May 7th.

DCC Trading Down 1.8 %

The company’s 50-day moving average is GBX 5,644.06 and its 200-day moving average is GBX 5,561.92. The company has a debt-to-equity ratio of 73.97, a quick ratio of 0.89 and a current ratio of 1.18. The firm has a market cap of £5.86 billion, a price-to-earnings ratio of 1,795.45, a P/E/G ratio of 4.37 and a beta of 0.74.

DCC Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, July 18th. Shareholders of record on Thursday, May 23rd will be paid a GBX 133.53 ($1.68) dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This is an increase from DCC’s previous dividend of $63.04. This represents a dividend yield of 2.26%. DCC’s payout ratio is currently 5,969.70%.

About DCC

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.