The upward trend could spur DCC in coming sessions.

The groups has strong fundamentals has shown by its Surperformance ratings. Sales should grow of 5% this year, but most of all, analysts are expecting the net margin to increase of 30%. Moreover, the perspectives are that the financial situation will improve with a large debt reduction during the coming years. Furthermore, the company seems undervalued with an EV/Revenue ratio of 0.24, one of the lowest for the sector and the stock benefits from a strong buy consensus.

On a technical viewpoint, the stock is in a bullish trend supported by well oriented moving averages. The last consolidation movement has brought the stock back to an interesting level. In fact, the bullish trend could soon resume and the equity should move towards its recent highs.

Therefore, a long position could be taken at the current prices with a target at GBp 3251. A stop loss will be placed under the entry points in case of a more important correction phase.