UBS Group Reaffirms Buy Rating for Dixons Carphone (LON:DC)

Dixons Carphone (LON:DC)‘s stock had its “buy” rating restated by research analysts at UBS Group in a report released on Thursday, June 20th, Digital Look reports. They currently have a GBX 220 ($2.87) target price on the stock. UBS Group’s target price suggests a potential upside of 82.12% from the stock’s previous close.

Several other equities research analysts have also recently commented on DC. Goldman Sachs Group restated a “buy” rating and issued a $21.50 target price on shares of Infineon Technologies in a research note on Wednesday, May 22nd. Barclays set a $325.00 target price on Align Technology and gave the company a “buy” rating in a research note on Thursday, April 11th. Royal Bank of Canada set a $184.00 target price on Jazz Pharmaceuticals and gave the company a “buy” rating in a research note on Monday, March 18th. Finally, Numis Securities restated a “buy” rating and issued a GBX 2,800 ($36.59) target price on shares of in a research note on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. Dixons Carphone presently has a consensus rating of “Hold” and an average price target of GBX 165 ($2.16).

Shares of DC traded up GBX 4.85 ($0.06) on Thursday, hitting GBX 120.80 ($1.58). The company’s stock had a trading volume of 3,011,142 shares, compared to its average volume of 4,480,000. The stock has a market capitalization of $1.40 billion and a price-to-earnings ratio of -4.38. The business has a fifty day moving average of GBX 116.87. The company has a quick ratio of 0.46, a current ratio of 0.92 and a debt-to-equity ratio of 14.77. Dixons Carphone has a fifty-two week low of GBX 90 ($1.18) and a fifty-two week high of GBX 195 ($2.55).

In other Dixons Carphone news, insider Andrea Gisle Joosen bought 4,800 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were acquired at an average cost of GBX 114 ($1.49) per share, with a total value of £5,472 ($7,150.14).

Dixons Carphone Company Profile

Dixons Carphone plc operates as an electrical and telecommunications retailer and service company. The company operates through three segments: UK & Ireland, Nordics, and Greece. It offers various products and services, including consumer electricals and mobile phones under the Carphone Warehouse and CurrysPCWorld Carphone Warehouse brands; computing products and services to business to business customers under the PC World Business brand; travelling services with stores at airports under the Dixons Travel brand; and services under the Team Knowhow brand.

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Analyst Recommendations for Dixons Carphone (LON:DC)

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