UK's DCC rises after brokerage upgrades stock, raises PT

DCC

09/04/2026 08:53

** Shares of energy sales, and marketing services provider DCC DCC.L up 2.7% at 5,115p

** Stock among the top gainers on FTSE 100 .FTSE index

** Exane BNP Paribas upgrades stock to "outperform" from "neutral" and raises PT to 6,000p from 5,500p

** Brokerage says DCC shares are “discounting declining profits into perpetuity” adding that consensus earnings are too low as DCC continues to grow unit margins and captures upside from energy price volatility

** "The imminent sale of the remaining technology business provides a clear catalyst to unlock value later this year," brokerage says

** DCC up ~11% YTD

 (Reporting by Nithyashree R B in Bengaluru)

 ((NithyashreeRB@thomsonreuters.com))