Dixons Carphone PLC (DC) Given “Buy” Rating at HSBC Holdings plc

Dixons Carphone PLC (LON:DC)‘s stock had its “buy” rating reissued by research analysts at HSBC Holdings plc in a research report issued on Friday, July 21st. They currently have a GBX 410 ($5.32) price objective on the stock. HSBC Holdings plc’s target price indicates a potential upside of 67.01% from the stock’s previous close.

A number of other research firms have also recently issued reports on DC. Numis Securities Ltd reissued a “hold” rating and issued a GBX 350 ($4.54) target price on shares of Dixons Carphone PLC in a research note on Thursday, May 25th. Canaccord Genuity decreased their target price on Dixons Carphone PLC from GBX 440 ($5.71) to GBX 395 ($5.13) and set a “buy” rating for the company in a research note on Thursday, May 25th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 420 ($5.45) target price on shares of Dixons Carphone PLC in a research note on Friday, April 28th. Liberum Capital reissued a “buy” rating and issued a GBX 430 ($5.58) target price on shares of Dixons Carphone PLC in a research note on Wednesday, May 24th. Finally, Investec reaffirmed a “buy” rating and set a GBX 405 ($5.26) price objective on shares of Dixons Carphone PLC in a research report on Wednesday, May 24th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of GBX 402.25 ($5.22).

Shares of Dixons Carphone PLC (LON:DC) traded down 1.92% on Friday, reaching GBX 245.50. 3,703,933 shares of the company’s stock traded hands. The stock’s market capitalization is GBX 2.83 billion. The stock’s 50-day moving average price is GBX 267.61 and its 200-day moving average price is GBX 302.23. Dixons Carphone PLC has a 52 week low of GBX 241.70 and a 52 week high of GBX 391.20.

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In other Dixons Carphone PLC news, insider Lord Livingston acquired 19,087 shares of the company’s stock in a transaction on Friday, July 14th. The shares were purchased at an average price of GBX 260 ($3.38) per share, for a total transaction of £49,626.20 ($64,424.51). Also, insider Andrew Harrison sold 1,000,000 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of GBX 278 ($3.61), for a total value of £2,780,000 ($3,608,983.51).

Dixons Carphone PLC 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 PLC (LON:DC)

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