Dixons Carphone (DC) Raised to Buy at HSBC

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Dixons Carphone (LON:DC) was upgraded by stock analysts at HSBC to a “buy” rating in a research report issued to clients and investors on Thursday. The firm currently has a GBX 150 ($1.96) target price on the stock, down from their prior target price of GBX 195 ($2.55). HSBC’s price target suggests a potential upside of 13.81% from the stock’s current price.

Separately, Royal Bank of Canada reiterated an “outperform” rating on shares of Dixons Carphone in a research report on Wednesday, December 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 195 ($2.55).

Shares of DC stock opened at GBX 131.80 ($1.72) on Thursday. Dixons Carphone has a 52 week low of GBX 145.72 ($1.90) and a 52 week high of GBX 349.60 ($4.57).

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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Analyst Recommendations for Dixons Carphone (LON:DC)

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