DCC (LON:DCC) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

DCC plc (LON:DCC)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 raised shares of DCC to an “outperform” rating and raised their price target for the company from GBX 5,700 ($74.20) to GBX 5,800 ($75.50) in a report on Thursday, August 15th.

DCC Stock Down 1.3 %

The company has a market cap of £4.79 billion, a P/E ratio of 1,487.88, a price-to-earnings-growth ratio of 4.37 and a beta of 0.74. 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 company has a fifty day moving average of GBX 5,145.87 and a 200 day moving average of GBX 5,403.01.

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.