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An update from DCC plc ( (GB:DCC) ) is now available.
DCC plc has completed a £600 million tender offer, purchasing 11,605,415 ordinary shares at a strike price of £51.70, equivalent to about 12% of its issued share capital excluding treasury shares. The offer was fully subscribed, prompting application of a scaling mechanism under which tenders below the strike price or at strike price on a strike-price basis are accepted in full, tenders at £51.70 are scaled back to keep the buyback within the £600 million cap, and tenders above the strike price are rejected. The shares will initially be bought by Davy, acting as financial adviser and broker, and then acquired by DCC under an option agreement, with proceeds to qualifying shareholders expected within 10 business days, marking a sizeable return of capital and a tightening of the company’s free float that may enhance earnings per share and support its long-standing capital returns track record.
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 group 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 index, the company generated £16.1 billion in revenue and £609.7 million in adjusted operating profit from continuing operations in the year to 31 March 2025, and has delivered three decades of compound growth in profits and dividends while maintaining high returns on capital employed.
Average Trading Volume: 311,147
Technical Sentiment Signal: Buy
Current Market Cap: £4.78B
Learn more about DCC stock on TipRanks’ Stock Analysis page.