Jefferies Group Reiterates Buy Rating for Premier Farnell (PFL)
Premier Farnell (LON:PFL)‘s stock had its “buy” rating reaffirmed by Jefferies Group in a research note issued on Thursday, AR Network reports. They currently have a GBX 250 ($3.97) price target on the stock. Jefferies Group’s price target would suggest a potential upside of 9.31% from the stock’s previous close.
Shares of Premier Farnell (LON:PFL) opened at 237.70 on Thursday. Premier Farnell has a 1-year low of GBX 164.70 and a 1-year high of GBX 238.81. The stock has a 50-day moving average of GBX 229. and a 200-day moving average of GBX 219.2. The company’s market cap is £867.6 million.
A number of other firms have also recently commented on PFL. Analysts at Shore Capital Stockbrokers reiterated a “hold” rating on shares of Premier Farnell (LON:PFL) in a research note to investors on Tuesday. Separately, analysts at Citigroup Inc. raised their price target on shares of Premier Farnell (LON:PFL) from GBX 165 ($2.62) to GBX 185 ($2.94) in a research note to investors on Monday. They now have a “sell” rating on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Premier Farnell (LON:PFL) in a research note to investors on Friday, September 13th. They now have a GBX 250 ($3.97) price target on the stock.
Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. Premier Farnell has a consensus rating of “Hold” and a consensus price target of GBX 232.63 ($3.69).
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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