De La Rue plc Stock Rating Lowered by Investec (DLAR)
De La Rue plc (LON:DLAR) was downgraded by stock analysts at Investec to a “hold” rating in a report issued on Wednesday, Analyst RN reports. They currently have a GBX 885 ($14.31) target price on the stock, down from their previous target price of GBX 1,070 ($17.30). Investec’s price target suggests a potential downside of 9.79% from the company’s current price.
Shares of De La Rue plc (LON:DLAR) traded down 9.73% on Wednesday, hitting GBX 885.4999. The stock had a trading volume of 609,057 shares. De La Rue plc has a 1-year low of GBX 891.50 and a 1-year high of GBX 1080.00. The stock’s 50-day moving average is GBX 990.1 and its 200-day moving average is GBX 969.8. The company’s market cap is £882.4 million.
A number of other analysts have also recently weighed in on DLAR. Analysts at Panmure Gordon downgraded shares of De La Rue plc to a “sell” rating in a research note to investors on Wednesday. They now have a GBX 786 ($12.71) price target on the stock, down previously from GBX 964 ($15.59). Separately, analysts at Numis Securities Ltd upgraded shares of De La Rue plc to an “add” rating in a research note to investors on Friday, October 18th. They now have a GBX 1,098 ($17.76) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of De La Rue plc from GBX 1,090 ($17.63) to GBX 1,200 ($19.40) in a research note to investors on Tuesday, October 15th. They now have a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 1,030.57 ($16.67).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.