Numis Securities Ltd Downgrades Anite to Hold (AIE)
Anite (LON:AIE) was downgraded by analysts at Numis Securities Ltd from an “add” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Stock Ratings Network reports. They currently have a GBX 128 ($2.00) price target on the stock, down from their previous price target of GBX 155 ($2.42). Numis Securities Ltd’s price objective would suggest a potential upside of 3.64% from the stock’s previous close.
Shares of Anite (LON:AIE) opened at 123.00 on Wednesday. Anite has a 1-year low of GBX 109.00 and a 1-year high of GBX 163.00. The stock’s 50-day moving average is GBX 123.0 and its 200-day moving average is GBX 128.8. The company’s market cap is £350.8 million.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Anite (LON:AIE) in a research note to investors on Friday, August 16th. They now have a GBX 180 ($2.81) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Anite (LON:AIE) in a research note to investors on Friday, August 16th. They now have a GBX 160 ($2.50) price target on the stock. Finally, analysts at Northland Capital Partners raised their price target on shares of Anite (LON:AIE) from GBX 167 ($2.61) to GBX 170 ($2.66) in a research note to investors on Monday, July 29th. They now have a “buy” rating on the stock.
One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 164.58 ($2.57).
Anite plc (LON:AIE) is a worldwide provider of hardware and software solutions, systems integration and managed services within its core markets of Wireless and Travel.
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