Jacob Armstrong, an analyst from Stifel Nicolaus, maintained the Buy rating on DCC plc (DCC – Research Report). The associated price target is p7,500.00.
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Jacob Armstrong has given his Buy rating due to a combination of factors that highlight the optimistic outlook for DCC plc. The company has reported a strong third quarter, with adjusted operating profit remaining consistent with the previous year and showing improvement when adjusted for currency variations. This performance is bolstered by robust growth in DCC Energy and Energy Solutions, particularly in Continental Europe, as well as solid results from the Mobility business.
Additionally, DCC’s strategic initiatives, such as the ongoing disposal process of DCC Healthcare and a focus on clean energy transition, are expected to drive significant value creation in the long term. The company’s attractive valuation, along with a promising pipeline of acquisition opportunities in the energy sector, further supports this positive assessment. The experienced management team adds credibility to the growth strategy, underpinning the confidence in recommending a Buy rating for the stock.
DCC’s price has also changed slightly for the past six months – from p5015.000 to p5300.000, which is a 5.68% increase.