Dixons Carphone (LON:DC) May Have Just Reached An Inflection Point; Investec Downgrades Shares

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Dixons Carphone (LON:DC) Receives a Downgrade

This morning Dixons Carphone (LON:DC) has been downgraded by Investec to a “Add” rating in a comprehensive report revealed to investors and clients on Wednesday morning. The firm currently has a GBX 510.00 target price shares.

From a total of 9 analysts covering Dixons Carphone (LON:DC) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 78% of the ratings are positive. The highest target price is GBX 535 while the lowest target price is GBX 450. The mean of all analyst targets is GBX 514.38 with a 5.43% above today’s (GBX 487.9) stock price. Dixons Carphone was the topic of 15 analyst reports since August 25, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on November 23 with “Buy” rating. Barclays Capital maintained shares with “Overweight” rating and GBX 530 target share price in a report from a September 11. Nomura maintained DC stock in a recent report from October 23 with “Neutral” rating. Investec maintained the rating on September 10. Investec has a “Buy” rating and a GBX 510 price target on shares. Finally, Citigroup maintained the stock with “Buy” rating in a report issued on a September 11.

Approximately 289,001 shares of stock traded hands. Dixons Carphone PLC (LON:DC) has risen 14.44% since May 5, 2015 and is uptrending. It has outperformed by 14.64% the S&P500.

 Dixons Carphone (LON:DC) May Have Just Reached An Inflection Point; Investec Downgrades Shares

Dixons Carphone plc is a United Kingdom electrical and telecommunications, retailer and services company. The company has a market cap of 5.62 billion GBP. The Firm has four divisions, including UK & Ireland, Nordics, Southern Europe and Connected World Services. It has 29.86 P/E ratio. The UK & Ireland segment offers the brands: Currys, PC World, Carphone Warehouse, Dixons Travel, KNOWHOW, Geek Squad and PC World Business.

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