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DCC plc ( (GB:DCC) ) has provided an update.
DCC plc, a multinational corporation, has announced a share buyback transaction on the London Stock Exchange, purchasing 30,584 ordinary shares at a volume-weighted average price of 4630.58p per share. This transaction is part of a larger buyback program valued at up to £100 million, set to run until September 30, 2025, aimed at reducing the number of shares in circulation and potentially enhancing shareholder value.
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: 329,756
Technical Sentiment Signal: Sell
Current Market Cap: £4.56B
For a thorough assessment of DCC stock, go to TipRanks’ Stock Analysis page.
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