DCC (DCC.L) 26-11-19
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.
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