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Home / Momentum / DCC (DCC.L) 07-11-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

DCC (DCC.L) 07-11-19

DCC (DCC.L) has been in a strong uptrend. Will it continue to set new recent highs?

 

  • Priced at 7382.0p (at time of writing), momentum has been strong.
  • Will it come to an end, or is the trend your friend?
  • Could this be an opportunity for momentum traders?
  • Technical traders should be mindful of new developments, which can have an affect on trends.
  • Shares -0% from 12-month highs; +32% from 12 month lows.

Latest News

31 Oct:  Jefferies International reiterates its buy rating on DCC (DCC) and increased the target price to 8320p (from 8120p).

04 Oct:  Berenberg reiterates its buy rating on DCC (DCC) and increased the target price to 8450p (from 8350p).

19 Jul:  RBC Capital Markets reiterates its outperform rating on DCC (DCC) and reduced the target price to 9000p (from 9500p).

12 Jul:  DCC announced that trading had been in-line with expectations, with ‘good growth’ in Q1 operating profit. This performance was underpinned by acquisitions completed last year.

07 Jun:  Goldman Sachs reiterates its neutral rating on DCC (DCC) and reduced the target price to 7800p (from 7900p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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