Dixons Carphone: Liberum raises target price
(CercleFinance.com) - Liberum reinstates its "buy" recommendation on the Dixons Carphone share and has raised its corresponding target price from 135 pence to 150 pence, stressing that despite a 29% increase since its switch to "buy" in early May, the stock is only trading at 6.
3x 2022e EPS.
"This gives little credit for the resilience of DC's market-leading Electricals offer and management's actions to curtail UK&I Mobile downside risk," the broker said.
"As momentum from the transformation grows, we expect DC to emerge even more relevant to consumers," the broker adds.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
3x 2022e EPS.
"This gives little credit for the resilience of DC's market-leading Electricals offer and management's actions to curtail UK&I Mobile downside risk," the broker said.
"As momentum from the transformation grows, we expect DC to emerge even more relevant to consumers," the broker adds.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.