Dixons Carphone plc (LON:DC) was upgraded by equities researchers at Investec to a “buy” rating in a note issued to investors on Thursday. The firm currently has a GBX 185 ($2.43) target price on the stock. Investec’s price target suggests a potential upside of 21.71% from the stock’s current price.
A number of other research analysts have also weighed in on DC. BNP Paribas restated an “underperform” rating and issued a GBX 150 ($1.97) price objective on shares of Dixons Carphone plc in a report on Monday, October 30th. Citigroup Inc. restated a “buy” rating and issued a GBX 230 ($3.03) price objective on shares of Dixons Carphone plc in a report on Monday, October 9th. Deutsche Bank AG decreased their price objective on Dixons Carphone plc from GBX 340 ($4.47) to GBX 250 ($3.29) and set a “buy” rating on the stock in a report on Friday, September 29th. Royal Bank of Canada lowered Dixons Carphone plc to an “outperform” rating and decreased their price objective for the company from GBX 225 ($2.96) to GBX 215 ($2.83) in a report on Thursday, September 7th. Finally, Numis Securities Ltd restated a “hold” rating and issued a GBX 185 ($2.43) price objective on shares of Dixons Carphone plc in a report on Wednesday, September 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 250.43 ($3.29).
Dixons Carphone plc (LON:DC) traded down GBX 2.80 ($0.04) during trading on Thursday, reaching GBX 152 ($2.00). 8,770,000 shares of the company were exchanged, compared to its average volume of 7,570,000. Dixons Carphone plc has a 1 year low of GBX 150.60 ($1.98) and a 1 year high of GBX 373.28 ($4.91).
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In related news, insider Andrea Gisle Joosen acquired 8,500 shares of Dixons Carphone plc stock in a transaction that occurred on Tuesday, September 12th. The shares were purchased at an average cost of GBX 166 ($2.18) per share, for a total transaction of £14,110 ($18,558.46). Also, insider Fiona McBain acquired 19,129 shares of Dixons Carphone plc stock in a transaction that occurred on Thursday, August 24th. The stock was bought at an average price of GBX 182 ($2.39) per share, for a total transaction of £34,814.78 ($45,790.85). Over the last 90 days, insiders purchased 98,629 shares of company stock worth $17,400,478.
About Dixons Carphone plc
Dixons Carphone plc (Dixons Carphone) is an electrical and telecommunications retailer and services company. The Company operates through four segments: UK & Ireland, Nordics, Southern Europe and Connected World Services (CWS). Dixons Carphone offers a range of electrical and mobile products, connectivity and expert after-sales services from the Geek Squad and KNOWHOW.
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