DCC (LON:DCC) Shares Down 1.8% – Time to Sell?

DCC plc (LON:DCC) shares dropped 1.8% on Wednesday . The stock traded as low as GBX 5,450 ($68.79) and last traded at GBX 5,451.09 ($68.80). Approximately 459,769 shares were traded during trading, an increase of 78% from the average daily volume of 258,001 shares. The stock had previously closed at GBX 5,550 ($70.05).

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DCC. Berenberg Bank reaffirmed a “buy” rating and set a GBX 7,020 ($88.60) target price on shares of DCC in a research report on Tuesday, November 12th. Royal Bank of Canada upgraded DCC to an “outperform” rating and boosted their price objective for the stock from GBX 5,700 ($71.94) to GBX 5,800 ($73.20) in a report on Thursday, August 15th.

DCC Stock Performance

The company has a quick ratio of 0.89, a current ratio of 1.18 and a debt-to-equity ratio of 73.97. The stock’s 50-day moving average price is GBX 5,272.97 and its 200 day moving average price is GBX 5,398.88. The company has a market cap of £5.39 billion, a P/E ratio of 1,653.03, a price-to-earnings-growth ratio of 4.37 and a beta of 0.74.

DCC Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 21st will be given a dividend of GBX 66.19 ($0.84) per share. This represents a yield of 1.33%. The ex-dividend date of this dividend is Thursday, November 21st. DCC’s dividend payout ratio is 5,969.70%.

About DCC

DCC plc provides sales, marketing, and support services worldwide. The company operates through DCC Energy, DCC Healthcare, and DCC Technology segments. It sells and markets liquefied petroleum gas (LPG), refrigerants, and natural gas; markets, sells, and retails transport and commercial fuels, heating oils, and related products and services; operates retail petrol stations; resells fuel cards; distributes oil; and provides logistics services.