Pace plc Stock Rating Upgraded by Numis Securities Ltd (PIC)
Pace plc (LON:PIC) was upgraded by research analysts at Numis Securities Ltd to a “hold” rating in a report released on Wednesday, Analyst Ratings Network.com reports. The firm currently has a GBX 310 ($5.02) price objective on the stock, up from their previous price objective of GBX 200 ($3.24). Numis Securities Ltd’s price objective indicates a potential downside of 0.51% from the stock’s previous close.
Shares of Pace plc (LON:PIC) opened at 312.90 on Wednesday. Pace plc has a 52-week low of GBX 173.00 and a 52-week high of GBX 332.30. 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 £964.9 million.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Pace plc in a research note to investors on Thursday, October 24th. They now have a GBX 280 ($4.53) 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 Wednesday, October 23rd. They now have a GBX 338 ($5.47) price target on the stock. Finally, 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 ($5.18) price target on the stock. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 315.47 ($5.10).
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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