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DCC plc ( (GB:DCC) ) just unveiled an update.
DCC plc, a company listed on the London Stock Exchange, has completed its share buyback program, which was initiated to repurchase ordinary shares worth up to £100 million. The company purchased 26,204 shares at a volume-weighted average price of 4733.46p, with the highest price paid per share being 4800p and the lowest 4674p. Following the settlement and cancellation of these shares, DCC will have 96,896,329 ordinary shares in issue. This move is part of DCC’s strategic financial management, potentially impacting shareholder value and market perception.
The most recent analyst rating on (GB:DCC) stock is a Hold with a £4997.00 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 attractive dividend yield provides some support.
To see Spark’s full report on GB:DCC stock, click here.
More about DCC plc
Average Trading Volume: 298,936
Technical Sentiment Signal: Sell
Current Market Cap: £4.57B
Find detailed analytics on DCC stock on TipRanks’ Stock Analysis page.