Shares in DCC (DCC.L) have fallen notably from recent highs of 7496p. Will the trend prevail, or is this an opportunity for you to pick up a bargain?

• Currently at 6248p (at time of writing). A move up to highs would represent a rise of 20%.
• These share are amongst the biggest fallers in the period.
• Is the move unfinished, or are we about to see a bounce?
• The market has been known to over-react to bad news. Investors should consider whether these falls are justified, or is this an over-reaction?
• Shares -16% from 12-month highs; +1% from 12 month lows.

Latest News

04 Feb:  DCC, the support services company, announced that Q3 profits were in-line with expectations against a backdrop of a challenging economic environment, most notably within the UK.

27 Jan:  Berenberg reiterates its buy rating on DCC (DCC) and reduced the target price to 7500p (from 8450p).

27 Jan:  Peel Hunt has upgraded its rating on DCC (DCC) to buy (from add) and increased the target price to 7241p (from 7108p).

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, largely down to a  challenging economic environment.

12 Nov:  DCC announced that its health & beauty segment had taken over Ion Laboratories for $60m, expanding its operations within the US.

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

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