Premier Farnell Stock Rating Reaffirmed by RBC Capital (PFL)
Premier Farnell (LON:PFL)‘s stock had its “outperform” rating restated by equities research analysts at RBC Capital in a research note issued to investors on Friday, AnalystRatingsNetwork reports. They currently have a GBX 250 ($3.97) target price on the stock. RBC Capital’s price objective would indicate a potential upside of 5.93% from the stock’s previous close.
Premier Farnell (LON:PFL) traded up 1.02% on Friday, hitting GBX 238.40. The stock had a trading volume of 860,542 shares. Premier Farnell has a 52 week low of GBX 164.70 and a 52 week high of GBX 238.30. The stock has a 50-day moving average of GBX 228.9 and a 200-day moving average of GBX 218.9. The company’s market cap is £870.2 million.
Several other analysts have also recently commented on the stock. Analysts at Cantor Fitzgerald reiterated a “hold” rating on shares of Premier Farnell (LON:PFL) in a research note to investors on Thursday. They now have a GBX 210 ($3.33) price target on the stock. Separately, analysts at HSBC upgraded shares of Premier Farnell (LON:PFL) to an “overweight” rating in a research note to investors on Monday, August 12th. They now have a GBX 290 ($4.60) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Premier Farnell (LON:PFL) in a research note to investors on Friday, July 19th. They now have a GBX 250 ($3.97) price target on the stock.
Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 232.94 ($3.70).
Premier Farnell plc markets and distributes electronic, maintenance, repair and operations products and specialist services throughout Europe, North America and Asia Pacific.
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