DCC (LON:DCC) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

DCC plc (LON:DCC) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5,383.47 ($67.66) and traded as low as GBX 5,170 ($64.97). DCC shares last traded at GBX 5,190 ($65.23), with a volume of 338,278 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 7,020 ($88.22) target price on shares of DCC in a research note on Tuesday, November 12th.

DCC Price Performance

The stock has a market cap of £5.10 billion, a PE ratio of 1,563.64, a P/E/G ratio of 4.37 and a beta of 0.74. The company has a debt-to-equity ratio of 73.97, a current ratio of 1.18 and a quick ratio of 0.89. The business has a fifty day moving average of GBX 5,283.85 and a 200 day moving average of GBX 5,376.76.

DCC Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 13th. Investors of record on Thursday, November 21st were issued a GBX 66.19 ($0.83) dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a yield of 1.33%. DCC’s dividend payout ratio is presently 5,969.70%.

About DCC

DCC plc is a leading international sales, marketing and support services group operating in 22 countries, supplying products and services used by millions of people every day. Headquartered in Dublin, the Group operates across three sectors: energy, healthcare and technology, employing over 16,000 people.