Dixons Carphone (LON:DC) had its target price trimmed by Goldman Sachs Group from GBX 155 ($2.03) to GBX 148 ($1.93) in a research report released on Wednesday morning, ThisIsMoney.Co.Uk reports. The firm currently has a neutral rating on the stock.
Other equities research analysts also recently issued reports about the stock. HSBC upped their target price on shares of Dixons Carphone from GBX 150 ($1.96) to GBX 160 ($2.09) and gave the stock a buy rating in a research note on Wednesday, January 23rd. Royal Bank of Canada reaffirmed an outperform rating on shares of Dixons Carphone in a research note on Monday, March 18th. Barclays began coverage on shares of Dixons Carphone in a research note on Thursday, April 11th. They set an overweight rating and a GBX 175 ($2.29) target price on the stock. Finally, Morgan Stanley raised shares of Dixons Carphone to an overweight rating and upped their target price for the stock from GBX 175 ($2.29) to GBX 240 ($3.14) in a research note on Monday, January 28th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of Buy and an average target price of GBX 194.22 ($2.54).
Shares of DC stock opened at GBX 117.20 ($1.53) on Wednesday. The company has a current ratio of 0.87, a quick ratio of 0.42 and a debt-to-equity ratio of 15.13. Dixons Carphone has a one year low of GBX 113.55 ($1.48) and a one year high of GBX 235.70 ($3.08). The company has a market capitalization of $1.36 billion and a PE ratio of -3.93.
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.
Further Reading: Calculating net profit and net profit margin ratio
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