Analyst Annelies Vermeulen of Morgan Stanley maintained a Buy rating on DCC plc, with a price target of p6,150.00.
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Annelies Vermeulen’s rating is based on a combination of factors that indicate a positive outlook for DCC plc. The company’s 1H26 results were largely in line with expectations, showing a slight decline in operating profit year-over-year, but with improvements in the second quarter. This performance, particularly in the Mobility and Energy Services divisions, offsets some of the challenges faced by the Products and Technology divisions.
Additionally, DCC’s strategic initiatives, including a significant tender offer and targeted acquisitions in the liquid gas sector, suggest a focus on growth and operational efficiency. The company’s commitment to divesting its remaining Technology business by the end of 2026 further supports its strategic realignment. Despite the unchanged FY26 guidance, these factors collectively contribute to a stable outlook, justifying the Buy rating.
In another report released on November 5, UBS also reiterated a Buy rating on the stock with a p6,500.00 price target.