DCC (DCC.L) 16-12-19
Will DCC (DCC.L) shares break out, or will it return to range highs of 7100p? (+12%)
- Currently trading around the 6500p support at 6598p (at time of writing).
- The range has been reliable of late. Will it continue?
21 Nov: Goldman Sachs reiterates its neutral rating on DCC (DCC) and reduced the target price to 7500p (from 7900p).
13 Nov: JP Morgan Cazenove reiterates its overweight rating on DCC (DCC) and reduced the target price to 8312p (from 8640p).
12 Nov: DCC posted a decline in profits for the 6 months as revenues fell. This was due to a more challenging economic environment in the UK.
12 Nov: DCC announced that its health & beauty operation had purchased Ion Laboratories for $60m, expanding its presence in the US markets.
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).
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires