UBS Group reiterated their buy rating on shares of Dixons Carphone (LON:DC) in a research note published on Thursday, www.digitallook.com reports. The brokerage currently has a GBX 220 ($2.84) target price on the stock.
DC has been the topic of several other reports. Royal Bank of Canada reaffirmed an outperform rating and set a GBX 220 ($2.84) price target on shares of Dixons Carphone in a research note on Thursday, June 21st. Credit Suisse Group reaffirmed a neutral rating on shares of Dixons Carphone in a research note on Tuesday, June 26th. Morgan Stanley reaffirmed an equal weight rating and set a GBX 175 ($2.26) price target on shares of Dixons Carphone in a research note on Monday, June 4th. Liberum Capital reaffirmed a hold rating on shares of Dixons Carphone in a research note on Tuesday, May 29th. Finally, HSBC reaffirmed a hold rating on shares of Dixons Carphone in a research note on Monday, July 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of GBX 197.14 ($2.54).
LON DC traded down GBX 0.15 ($0.00) during trading hours on Thursday, reaching GBX 161.40 ($2.08). The company’s stock had a trading volume of 2,874,129 shares, compared to its average volume of 4,480,000. Dixons Carphone has a fifty-two week low of GBX 145.72 ($1.88) and a fifty-two week high of GBX 349.60 ($4.51).
The company also recently disclosed a dividend, which will be paid on Friday, September 21st. Stockholders of record on Thursday, August 23rd will be paid a dividend of GBX 7.75 ($0.10) per share. The ex-dividend date of this dividend is Thursday, August 23rd. This represents a dividend yield of 3.97%. This is a positive change from Dixons Carphone’s previous dividend of $3.50.
In other news, insider Alex Baldock acquired 125,533 shares of the company’s stock in a transaction dated Thursday, June 21st. The shares were bought at an average price of GBX 199 ($2.57) per share, for a total transaction of £249,810.67 ($322,253.19).
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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