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DCC plc ( (GB:DCC) ) has provided an update.
DCC plc, a company involved in the purchase of its own shares, has announced a recent transaction where it bought back 20,183 of its ordinary shares on the London Stock Exchange. This buyback is part of a larger program aimed at repurchasing shares worth up to £100 million by the end of September 2025. The transaction reflects DCC’s strategic move to manage its capital structure and potentially enhance shareholder value. The cancellation of these shares will result in a total of 98,417,273 ordinary shares remaining in issue.
The most recent analyst rating on (GB:DCC) stock is a Buy with a £6800.00 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 scores well due to its strong financial performance and strategic corporate actions, such as divesting from non-core operations and enhancing leadership for energy focus. While valuation metrics are appealing, technical analysis suggests caution due to mixed market signals.
To see Spark’s full report on GB:DCC stock, click here.
More about DCC plc
Average Trading Volume: 350,733
Technical Sentiment Signal: Sell
Current Market Cap: £4.67B
See more insights into DCC stock on TipRanks’ Stock Analysis page.