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DCC plc ( (GB:DCC) ) has provided an announcement.
DCC plc has completed an on-market share repurchase linked to its previously announced tender offer, acquiring 11,605,415 ordinary shares from Davy at £51.70 per share for a total consideration of about £600 million, with the repurchased stock immediately cancelled. The cancellation reduces the number of DCC ordinary shares with voting rights to 85,423,097, with a further 2,186,132 shares held in treasury, and resets the share count used by investors to assess disclosure thresholds under UK transparency rules, tightening the company’s capital base and potentially enhancing earnings and returns per share for remaining shareholders.
The most recent analyst rating on (GB:DCC) stock is a Buy with a £5553.00 price target. To see the full list of analyst forecasts on DCC plc stock, see the GB:DCC Stock Forecast page.
Spark’s Take on GB:DCC Stock
According to Spark, TipRanks’ AI Analyst, GB:DCC is a Outperform.
DCC plc’s overall stock score reflects a solid financial foundation with stable cash flows and strategic initiatives to enhance shareholder value. However, challenges in profitability and revenue growth, coupled with a negative P/E ratio, weigh on the score. Positive technical indicators and corporate actions provide a supportive backdrop for potential future performance.
To see Spark’s full report on GB:DCC stock, click here.
More about DCC plc
DCC plc is a Dublin-headquartered, customer-focused energy business specialising in the sales, marketing and distribution of secure, cleaner and competitively priced energy solutions to commercial, industrial, domestic and transport customers. Listed on the London Stock Exchange and a constituent of the FTSE 100, the group generated revenues of £16.1 billion and adjusted operating profit of £609.7 million in the year to 31 March 2025, and has a long record of double-digit compound growth in profits and dividends while maintaining high returns on capital over three decades as a public company.
Average Trading Volume: 311,147
Technical Sentiment Signal: Buy
Current Market Cap: £4.78B
For a thorough assessment of DCC stock, go to TipRanks’ Stock Analysis page.