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DCC plc ( (GB:DCC) ) has provided an announcement.
DCC plc has announced the repurchase of 25,562 of its ordinary shares on the London Stock Exchange, as part of its ongoing Buyback Programme. The shares, purchased at a volume-weighted average price of 4763.49p, will be cancelled, reducing the total number of shares in issue to 97,461,666. This move is part of DCC’s strategy to buy back shares worth up to £100 million by the end of September 2025, potentially impacting the company’s market position and shareholder value.
The most recent analyst rating on (GB:DCC) stock is a Hold with a £5076.00 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 stock score is primarily influenced by its stable financial performance, despite challenges in revenue and profit growth. The technical analysis indicates a bearish trend, which negatively impacts the score. The valuation suggests the stock might be overvalued, but the dividend yield adds some appeal.
To see Spark’s full report on GB:DCC stock, click here.
More about DCC plc
Average Trading Volume: 272,311
Technical Sentiment Signal: Sell
Current Market Cap: £4.58B
See more insights into DCC stock on TipRanks’ Stock Analysis page.