DCC plc ( (GB:DCC) ) has shared an announcement.
DCC plc has announced the sale of its healthcare division to HealthCo Investment Limited for an enterprise value of £1,050 million. This move is part of DCC’s strategy to simplify operations and focus on its energy business, which is its largest and highest-returning division. The transaction is expected to complete in the third quarter of the year and will result in a significant return of capital to shareholders. The sale is seen as a step to maximize shareholder value and accelerate growth in the energy sector.
Spark’s Take on GB:DCC Stock
According to Spark, TipRanks’ AI Analyst, GB:DCC is a Outperform.
DCC plc’s overall score reflects strong financial health with stable revenue growth and solid cash flow performance. The company’s valuation is reasonable, supported by a moderate P/E ratio and a high dividend yield. Technical analysis suggests caution due to mixed market signals, but the positive sentiment from recent leadership changes provides additional support for future growth.
To see Spark’s full report on GB:DCC stock, click here.
More about DCC plc
DCC plc is a leading international sales, marketing, and support services group headquartered in Dublin. It is listed on the London Stock Exchange and is part of the FTSE 100. For the financial year ending March 2024, DCC reported revenues of £19.9 billion and an adjusted operating profit of £682.8 million, maintaining a strong record of growth and returns over 30 years.
YTD Price Performance: -3.11%
Average Trading Volume: 287,033
Technical Sentiment Signal: Buy
Current Market Cap: £4.93B
See more insights into DCC stock on TipRanks’ Stock Analysis page.