Pace plc Receives Buy Rating from Canaccord Genuity (PIC)
Pace plc (LON:PIC)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity in a note issued to investors on Monday, Stock Ratings Network reports. They currently have a GBX 320 ($5.13) price objective on the stock. Canaccord Genuity’s price target would indicate a potential upside of 24.95% from the company’s current price.
A number of other firms have also recently commented on PIC. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Pace plc in a research note to investors on Wednesday, October 2nd. They now have a GBX 316 ($5.07) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Pace plc in a research note to investors on Tuesday, September 17th. They now have a GBX 338 ($5.42) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Pace plc from GBX 330 ($5.29) to GBX 370 ($5.94) in a research note to investors on Thursday, September 12th. They now have a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 303.25 ($4.87).
Pace plc (LON:PIC) opened at 252.60 on Monday. Pace plc has a one year low of GBX 158.50 and a one year high of GBX 324.20. The stock’s 50-day moving average is GBX 291.4 and its 200-day moving average is GBX 260.3. The company’s market cap is £778.9 million.
Pace plc is engaged in the development, design and distribution of technologies and products for managed subscription television, telephony and broadband services and the provision of engineering design, and software applications to its set-top boxes (LON:PIC) and gateway customers.
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