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DCC plc ( (GB:DCC) ) has provided an update.
DCC plc reported a 4.9% increase in total adjusted operating profit to £703.6 million, driven by an 8.5% growth in its Energy division. The company is strategically focusing on its Energy sector by divesting DCC Healthcare for £1.05 billion, with plans to return £800 million of the proceeds to shareholders. This strategic shift is expected to enhance DCC’s market positioning in the energy sector, with anticipated continued profit growth and development activities in the upcoming year.
The most recent analyst rating on (GB:DCC) stock is a Buy with a £79.20 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
DCC plc is a customer-focused energy business based in Dublin, specializing in the sales, marketing, and distribution of secure, cleaner, and competitive energy solutions to commercial, industrial, domestic, and transport customers. It is listed on the London Stock Exchange and is part of the FTSE 100.
Average Trading Volume: 312,993
Technical Sentiment Signal: Sell
Current Market Cap: £4.94B
See more insights into DCC stock on TipRanks’ Stock Analysis page.