Dixons Carphone (LON:DC) Receives Buy Rating from Deutsche Bank

Deutsche Bank reiterated their buy rating on shares of Dixons Carphone (LON:DC) in a research report sent to investors on Tuesday, January 2nd. The firm currently has a GBX 250 ($3.39) price target on the stock.

A number of other research analysts have also issued reports on DC. Numis Securities restated a hold rating and issued a GBX 185 ($2.51) target price on shares of Dixons Carphone in a report on Wednesday, September 6th. Royal Bank of Canada lowered shares of Dixons Carphone to an outperform rating and cut their price objective for the stock from GBX 225 ($3.05) to GBX 215 ($2.92) in a report on Thursday, September 7th. Citigroup reiterated a buy rating and set a GBX 230 ($3.12) price objective on shares of Dixons Carphone in a report on Monday, October 9th. BNP Paribas reiterated an underperform rating and set a GBX 150 ($2.03) price objective on shares of Dixons Carphone in a report on Monday, October 30th. Finally, Investec upgraded shares of Dixons Carphone to a buy rating and set a GBX 185 ($2.51) price objective on the stock in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. Dixons Carphone presently has an average rating of Buy and an average target price of GBX 228.73 ($3.10).

Dixons Carphone (LON DC) traded down GBX 1.90 ($0.03) during trading hours on Tuesday, reaching GBX 199.10 ($2.70). 3,140,000 shares of the company’s stock were exchanged, compared to its average volume of 6,040,000. The stock has a market cap of $2,310.00 and a price-to-earnings ratio of 948.10. Dixons Carphone has a 52 week low of GBX 145.72 ($1.98) and a 52 week high of GBX 355.70 ($4.82).

The firm also recently announced a dividend, which will be paid on Friday, January 26th. Investors of record on Thursday, December 28th will be given a dividend of GBX 3.50 ($0.05) per share. This represents a yield of 1.85%. The ex-dividend date of this dividend is Thursday, December 28th.

In other Dixons Carphone news, insider Jock Fyfe Lennox bought 11,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was purchased at an average price of GBX 178 ($2.41) per share, with a total value of £19,580 ($26,552.75).

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Dixons Carphone Company Profile

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.

Analyst Recommendations for Dixons Carphone (LON:DC)

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