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

DCC plc (LON:DCC)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5,403.01 ($70.33) and traded as low as GBX 4,910 ($63.92). DCC shares last traded at GBX 4,910 ($63.92), with a volume of 465,368 shares traded.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upgraded DCC to an “outperform” rating and upped their price objective for the stock from GBX 5,700 ($74.20) to GBX 5,800 ($75.50) in a research note on Thursday, August 15th.

DCC Price Performance

The company has a current ratio of 1.18, a quick ratio of 0.89 and a debt-to-equity ratio of 73.97. The stock has a 50 day simple moving average of GBX 5,145.87 and a 200-day simple moving average of GBX 5,403.01. The firm has a market cap of £4.79 billion, a PE ratio of 1,487.88, a price-to-earnings-growth ratio of 4.37 and a beta of 0.74.

DCC Company Profile

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.