Anite Price Target Cut to GBX 155 (AIE)
Analysts at Barclays lowered their price objective on shares of Anite (LON:AIE) from GBX 170 ($2.71) to GBX 155 ($2.47) in a research report issued to clients and investors on Tuesday, StockRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ target price suggests a potential upside of 37.78% from the company’s current price.
Shares of Anite (LON:AIE) traded down 0.66% on Tuesday, hitting GBX 112.50. 1,122,077 shares of the company’s stock traded hands. Anite has a 1-year low of GBX 109.00 and a 1-year high of GBX 163.00. The stock has a 50-day moving average of GBX 120.9 and a 200-day moving average of GBX 127.2. The company’s market cap is £320.8 million.
A number of other analysts have also recently weighed in on AIE. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of Anite in a research note to investors on Tuesday, October 8th. They now have a GBX 150 ($2.39) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Anite in a research note to investors on Monday, September 30th. They now have a GBX 180 ($2.87) price target on the stock. Finally, analysts at Numis Securities Ltd downgraded shares of Anite from an “add” rating to a “hold” rating in a research note to investors on Wednesday, September 11th. They now have a GBX 128 ($2.04) price target on the stock, down previously from GBX 155 ($2.47). One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of GBX 161.85 ($2.58).
Anite plc (LON:AIE) is a worldwide provider of hardware and software solutions, systems integration and managed services within its core markets of Wireless and Travel.
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