Dixons Carphone (DC) Given New GBX 148 Price Target at Goldman Sachs Group

Dixons Carphone (LON:DC) had its target price cut by Goldman Sachs Group from GBX 155 ($2.03) to GBX 148 ($1.93) in a research report report published on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have a neutral rating on the stock.

A number of other analysts also recently weighed in on the stock. Barclays began coverage on shares of Dixons Carphone in a report on Thursday, April 11th. They issued an overweight rating and a GBX 175 ($2.29) target price on the stock. Royal Bank of Canada restated an outperform rating on shares of Dixons Carphone in a report on Monday, March 18th. Morgan Stanley upgraded shares of Dixons Carphone to an overweight rating and boosted their target price for the stock from GBX 175 ($2.29) to GBX 240 ($3.14) in a report on Monday, January 28th. Finally, HSBC boosted 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 report on Wednesday, January 23rd. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of GBX 194.22 ($2.54).

Dixons Carphone stock opened at GBX 116.60 ($1.52) on Wednesday. Dixons Carphone has a twelve month low of GBX 113.55 ($1.48) and a twelve month high of GBX 235.70 ($3.08). The company has a debt-to-equity ratio of 15.13, a quick ratio of 0.42 and a current ratio of 0.87. The stock has a market capitalization of $1.39 billion and a PE ratio of -3.91.

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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