DCC (LON:DCC) Stock Passes Above 200 Day Moving Average of $5,594.03

Shares of DCC plc (LON:DCC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 5,594.03 ($71.10) and traded as high as GBX 5,675 ($72.13). DCC shares last traded at GBX 5,670 ($72.06), with a volume of 209,545 shares.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price objective on DCC from GBX 5,700 ($72.45) to GBX 5,800 ($73.72) and gave the company a “sector perform” rating in a research note on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 7,000 ($88.97) price target on shares of DCC in a research note on Tuesday, May 7th.

DCC Price Performance

The stock’s fifty day moving average price is GBX 5,649.70 and its 200-day moving average price is GBX 5,601.96. The firm has a market cap of £5.64 billion, a price-to-earnings ratio of 1,730.30, a price-to-earnings-growth ratio of 4.37 and a beta of 0.74. The company has a debt-to-equity ratio of 73.97, a current ratio of 1.18 and a quick ratio of 0.89.

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 issued a dividend of GBX 133.53 ($1.70) per share. This is a positive change from DCC’s previous dividend of $63.04. This represents a yield of 2.26%. The ex-dividend date is Thursday, May 23rd. DCC’s dividend payout ratio (DPR) is 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.