Numis Securities Lowers Dixons Carphone (LON:DC) to Reduce

Dixons Carphone (LON:DC) was downgraded by equities research analysts at Numis Securities to a “reduce” rating in a research note issued to investors on Thursday, ThisIsMoney.Co.Uk reports.

DC has been the subject of several other reports. Barclays began coverage on shares of Dixons Carphone in a research report on Thursday, April 11th. They issued an “overweight” rating and a GBX 175 ($2.29) target price for the company. Goldman Sachs Group cut their target price on shares of Dixons Carphone from GBX 155 ($2.03) to GBX 148 ($1.93) and set a “neutral” rating for the company in a research report on Wednesday, May 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of Dixons Carphone in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Dixons Carphone has an average rating of “Buy” and a consensus target price of GBX 191.14 ($2.50).

Shares of LON:DC opened at GBX 122.35 ($1.60) on Thursday. Dixons Carphone has a 52-week low of GBX 111.15 ($1.45) and a 52-week high of GBX 201.80 ($2.64). The firm has a market capitalization of $1.42 billion and a P/E ratio of -4.11. The company has a quick ratio of 0.42, a current ratio of 0.87 and a debt-to-equity ratio of 15.13.

Dixons Carphone Company Profile

Dixons Carphone plc operates as an electrical and telecommunications retailer and service company. The company operates through three segments: UK & Ireland, Nordics, and Greece. It offers various products and services, including consumer electricals and mobile phones under the Carphone Warehouse and CurrysPCWorld Carphone Warehouse brands; computing products and services to business to business customers under the PC World Business brand; travelling services with stores at airports under the Dixons Travel brand; and services under the Team Knowhow brand.

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