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Dixons Carphone (OTC:DSITF) Downgraded by Investec

11 Septembre 2017

In a research report issued on Thursday, 7 September, RBC Capital Markets has chose to decreased their rating on shares of Dixons Carphone (LON:DC) to a Outperform and has set an estimated 12-month target equal to GBX 215.00.

"We think valuation is attractive, Dixons Carphone has material worldwide exposure (circa 30% of profit) and it is gaining share in electricals, but it faces further mobile headwinds short term which means EPS (earnings per share) visibility is low", RBC analyst Richard Chamberlain and Shelly Xie said in a note to investors.

Dixons Carphone PLC (DC) traded down 0.94% during trading on Friday, hitting GBX 168.40.

Dixons Carphone PLC (LON:DC) insider Fiona McBain acquired 19,129 shares of the business's stock in a transaction dated Thursday, August 24th. The firm's 50 day moving average price is GBX 232.09 and its 200-day moving average price is GBX 289.63.

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The downgrade follows a profit warning from Dixons Carphone last month when it said the United Kingdom mobile market has come under pressure since customers have not been upgrading their handsets as frequently due an increase in price of handsets.

Also, the company informed a dividend, expected to be paid on early Fri, Sep 22nd. This represents a yield of 2.64%. 5,025,996 shares of the company were exchanged. The shares were acquired at an average cost of GBX 178 ($2.30) per share, for a total transaction of £89,000 ($114,942.53). If you are accessing this piece on another domain, it was stolen and reposted in violation of United States & worldwide copyright & trademark laws. If you are accessing this piece on another publication, it was illegally stolen and republished in violation of USA & worldwide copyright & trademark legislation. The brokerage now has GBX 215 ($2.78) price target on the stock, down from their previous price target of GBX 225 ($2.91). Beaufort Securities reiterated a "buy" rating on shares of Dixons Carphone PLC in a research report on Friday, August 25th. Dixons Carphone presently has a consensus recommendation of Buy and a consensus price objective of GBX 317.63 ($4.10). Investec downgraded the shares of DC in report on Wednesday, December 2 to "Add" rating. Deutsche Bank maintained it with "Buy" rating and GBX 420 target in Tuesday, January 3 report. Goldman Sachs maintained the shares of DC in report on Tuesday, June 20 with "Neutral" rating. Over the last 90 days, insiders have acquired 98,216 shares of company stock valued at $18,994,098.

Dixons Carphone plc 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 (OTC:DSITF) Downgraded by Investec