De La Rue plc’s “Buy” Rating Reaffirmed at Citigroup Inc. (DLAR)
De La Rue plc (LON:DLAR)‘s stock had its “buy” rating reaffirmed by Citigroup Inc. in a research note issued on Wednesday, Stock Ratings Network reports. They currently have a GBX 1,055 ($17.02) target price on the stock. Citigroup Inc.’s target price would indicate a potential upside of 8.48% from the company’s current price.
De La Rue plc (LON:DLAR) traded down 0.82% on Wednesday, hitting GBX 964.5001. The stock had a trading volume of 52,615 shares. De La Rue plc has a 52-week low of GBX 891.50 and a 52-week high of GBX 1080.00. The stock’s 50-day moving average is GBX 1007. and its 200-day moving average is GBX 966.0. The company’s market cap is £961.2 million.
A number of other analysts have also recently weighed in on DLAR. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of De La Rue plc (LON:DLAR) in a research note to investors on Wednesday. They now have a GBX 1,180 ($19.04) price target on the stock. Finally, analysts at Numis Securities Ltd downgraded shares of De La Rue plc (LON:DLAR) from an “add” rating to a “hold” rating in a research note to investors on Friday, July 26th. They now have a GBX 1,070 ($17.26) price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 1,055.29 ($17.03).
De La Rue plc is engaged in the design and production of over 150 national currencies and a range of security documents, including passports, driving licenses, authentication labels and tax stamps.
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