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The latest announcement is out from DCC plc ( (GB:DCC) ).
DCC plc, a company listed on the London Stock Exchange, has announced a significant transaction involving the repurchase of 30,317 of its ordinary shares through UBS AG London Branch. This move is part of a larger buyback program valued at up to £100 million, which is set to run until the end of September 2025. The repurchased shares will be cancelled, reducing the total number of shares in circulation to 97,400,893. This strategic buyback is expected to enhance shareholder value and optimize the company’s capital structure.
The most recent analyst rating on (GB:DCC) stock is a Hold with a £5165.00 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 Neutral.
DCC plc’s overall score is driven by stable financial performance and a solid dividend yield, despite challenges in revenue growth and operational efficiency. Technical indicators suggest a neutral to slightly bearish outlook, impacting the stock’s attractiveness.
To see Spark’s full report on GB:DCC stock, click here.
More about DCC plc
Average Trading Volume: 272,298
Technical Sentiment Signal: Hold
Current Market Cap: £4.66B
For an in-depth examination of DCC stock, go to TipRanks’ Overview page.