Will DCC (DCC.L) shares break through support at 6540p, or push upwards again to 7496p (+14%)?

• Shares trading at 6558p, near the 6540p support (at time of writing).
• Will the pattern repeat this time? This support has proven to be a key level in the recent past.
• 7496p was the recent high. (+14%)
• Shares -12% from 12-month highs; +15% from 12 month lows.

Latest News

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 announced a decline in profits for the first half as revenues were lower, mainly due to the UK’s more challenging economic environment.

12 Nov:  DCC stated that its health & beauty solutions unit had acquired Ion Laboratories in the US, with the deal worth $60m.

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

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