Pace plc Rating Reiterated by Jefferies Group (PIC)
Pace plc (LON:PIC)‘s stock had its “buy” rating reaffirmed by Jefferies Group in a research note issued on Wednesday, StockRatingsNetwork reports. They currently have a GBX 338 ($5.47) price objective on the stock. Jefferies Group’s price objective would indicate a potential upside of 9.39% from the company’s current price.
Shares of Pace plc (LON:PIC) traded down 2.15% during mid-day trading on Wednesday, hitting GBX 309.00. 427,755 shares of the company’s stock traded hands. Pace plc has a 52-week low of GBX 161.60 and a 52-week high of GBX 326.00. The stock’s 50-day moving average is GBX 273.0 and its 200-day moving average is GBX 264.3. The company’s market cap is £952.8 million.
A number of other analysts have also recently weighed in on PIC. Analysts at Barclays reiterated an “equal weight” rating on shares of Pace plc in a research note to investors on Tuesday, October 15th. They now have a GBX 320 ($5.17) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Pace plc in a research note to investors on Monday, October 7th. They now have a GBX 320 ($5.17) price target on the stock. Finally, 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 ($5.11) price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 303.25 ($4.90).
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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