Premier Farnell Rating Reiterated by Deutsche Bank (PFL)
Premier Farnell (LON:PFL)‘s stock had its “buy” rating restated by research analysts at Deutsche Bank in a report released on Thursday, American Banking and Market News reports. They currently have a GBX 245 ($3.89) target price on the stock. Deutsche Bank’s target price would indicate a potential upside of 7.13% from the company’s current price.
A number of other analysts have also recently weighed in on PFL. Analysts at Jefferies Group reiterated a “buy” rating on shares of Premier Farnell (LON:PFL) in a research note to investors on Thursday. They now have a GBX 250 ($3.97) price target on the stock. Separately, analysts at Shore Capital Stockbrokers reiterated a “hold” rating on shares of Premier Farnell (LON:PFL) in a research note to investors on Tuesday. Finally, 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.
Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 232.63 ($3.69).
Shares of Premier Farnell (LON:PFL) opened at 237.705 on Thursday. Premier Farnell has a 52-week low of GBX 164.70 and a 52-week 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.
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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