Dixons Carphone (LON:DC) Rating Reaffirmed
London: In recent note sent to investors and clients on Tuesday morning, Investec reaffirmed their Add rating on Dixons Carphone (LON:DC) shares. They now have a GBX 510.00 target price on the firm. Investec’s target provides a potential upside of 9.75% from the company’s last price.
From a total of 10 analysts covering Dixons Carphone (LON:DC) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is GBX 550 while the lowest target price is GBX 450. The mean of all analyst targets is GBX 525.56 with a 12.88% above today’s (GBX 465.6) stock price. Dixons Carphone was the topic of 23 analyst reports since August 25, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 14 with “Outperform” rating. Nomura maintained shares with “Neutral” rating and GBX 495 target share price in a report from a December 7. Nomura maintained DC stock in a recent report from December 14 with “Neutral” rating. RBC Capital Markets maintained the rating on December 7. RBC Capital Markets has a “Outperform” rating and a GBX 550 price target on shares. Finally, Beaufort Securities maintained the stock with “Buy” rating in a report issued on a December 4.
Approximately 559,494 shares of stock traded hands. Dixons Carphone PLC (LON:DC) has declined 1.76% since May 18, 2015 and is downtrending. It has outperformed by 1.92% the S&P500.
Dixons Carphone plc is a United Kingdom electrical and telecommunications, retailer and services company. The company has a market cap of 5.36 billion GBP. The Firm has four divisions, including UK & Ireland, Nordics, Southern Europe and Connected World Services. It has 28.49 P/E ratio. The UK & Ireland segment offers the brands: Currys, PC World, Carphone Warehouse, Dixons Travel, KNOWHOW, Geek Squad and PC World Business.