JPMorgan Chase & Co. reaffirms “overweight” rating for DCC (LON:DCC)

DCC (LON:DCC – Get a rating)The stock of was re-rated to “overweight” by equity research analysts at JPMorgan Chase & Co. in a research note published on Friday, LSE.Co.UK reports. They currently have a price target of 7,500 GBX ($90.62) on the stock. JPMorgan Chase & Co.the price target would point to a potential upside of 54.80% from the stock’s previous close.

CDC has been the subject of several other reports. Berenberg Bank reissued a “buy” rating and issued a price target of 7,250 GBX ($87.60) on DCC shares in a research report on Tuesday, May 17. Royal Bank of Canada downgraded DCC to an “industry performance” rating and reduced its price target for the company from 7,500 GBX ($90.62) to 5,800 GBX ($70.08) in a research note from Monday, May 30. Finally, Barclays restated an “underweight” rating and published a target price of 5,550 GBX ($67.06) on DCC shares in a research note on Tuesday, July 19. One research analyst has rated the stock with a sell rating, another has assigned a hold rating, and three have assigned the stock a buy rating. Based on data from, the company currently has a consensus rating of “Hold” and a consensus target price of 6,852 GBX ($82.79).

DCC stock up 1.1%

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Shares of LON:DCC opened at 4,845 GBX ($58.54) on Friday. The company has a market capitalization of £4.78 billion and a P/E ratio of 1,533.23. The company has a quick ratio of 0.95, a current ratio of 1.37 and a debt ratio of 80.01. DCC has a 12-month minimum of 4,725 GBX ($57.09) and a 12-month maximum of 6,520 GBX ($78.78). The company has a fifty-day simple moving average of 5,158.94 GBX and a 200-day simple moving average of 5,530.91 GBX.

About DCC

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DCC plc provides worldwide sales, marketing and support services. The Company’s DCC LPG segment sells and markets liquefied petroleum gas (LPG), refrigerants and natural gas. Its DCC Retail & Oil segment markets, sells and retails transportation and commercial fuels, heating oils and related products and services; operates retail gas stations; resells fuel cards; distributes oil; and provides inbound logistics, storage and refill, and outbound logistics services.

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