Dialight’s Buy Rating Reaffirmed at Canaccord Genuity (DIA)
Dialight (LON:DIA)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity in a research report issued to clients and investors on Thursday, AnalystRatings.Net reports. They currently have a GBX 1,450 ($22.67) target price on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 5.45% from the stock’s previous close.
Dialight (LON:DIA) traded down 16.44% during mid-day trading on Thursday, hitting GBX 1149.00. The stock had a trading volume of 678,245 shares. The stock’s 50-day moving average is GBX 1278. and its 200-day moving average is GBX 1253.. The company’s market cap is £369.4 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at N+1 Singer reiterated a “buy” rating on shares of Dialight (LON:DIA) in a research note to investors on Monday. They now have a GBX 1,617 ($25.28) price target on the stock, up previously from GBX 1,403 ($21.94). Separately, analysts at Nplus1 Brewin raised their price target on shares of Dialight (LON:DIA) from GBX 1,403 ($21.94) to GBX 1,617 ($25.28) in a research note to investors on Monday. They now have a “buy” rating on the stock.
One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Dialight has an average rating of “Buy” and a consensus target price of GBX 1,463.50 ($22.88).
Dialight plc is a light emitting diodes (LON:DIA) solution provider worldwide.
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