Kofax Upgraded to Buy at Panmure Gordon (KFX)
Kofax (LON:KFX) was upgraded by research analysts at Panmure Gordon to a “buy” rating in a report released on Friday, StockRatingsNetwork.com reports. The firm currently has a GBX 391 ($6.31) price target on the stock, up from their previous price target of GBX 385 ($6.21). Panmure Gordon’s price target indicates a potential upside of 8.61% from the stock’s previous close.
KFX has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of Kofax (LON:KFX) from GBX 380 ($6.13) to GBX 450 ($7.26) in a research note to investors on Thursday, September 19th. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Kofax (LON:KFX) in a research note to investors on Wednesday, September 4th. They now have a GBX 400 ($6.45) price target on the stock. Finally, analysts at Investec reiterated a “sell” rating on shares of Kofax (LON:KFX) in a research note to investors on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 360.24 ($5.81).
Kofax (LON:KFX) traded up 1.41% on Friday, hitting GBX 360.00. 32,264 shares of the company’s stock traded hands. Kofax has a one year low of GBX 260.00 and a one year high of GBX 388.00. The stock’s 50-day moving average is GBX 353.1 and its 200-day moving average is GBX 331.0. The company’s market cap is £304.9 million.
Kofax PLC is a provider of capture enabled business process management (LON:KFX) solutions.
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