FinnCap Lowers Wolfson Microelectronics Price Target to GBX 120 (WLF)
Analysts at FinnCap dropped their price target on shares of Wolfson Microelectronics (LON:WLF) from GBX 140 ($2.27) to GBX 120 ($1.94) in a research report issued to clients and investors on Wednesday, ARN reports. The firm currently has a “sell” rating on the stock. FinnCap’s target price would indicate a potential downside of 17.24% from the company’s current price.
Wolfson Microelectronics (LON:WLF) opened at 145.00 on Wednesday. Wolfson Microelectronics has a 52-week low of GBX 135.50 and a 52-week high of GBX 229.00. The stock’s 50-day moving average is GBX 158. and its 200-day moving average is GBX 171.3. The company’s market cap is £169.2 million.
A number of other firms have also recently commented on WLF. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Wolfson Microelectronics in a research note to investors on Wednesday. They now have a GBX 150 ($2.43) price target on the stock. Separately, analysts at Nplus1 Brewin reiterated a “hold” rating on shares of Wolfson Microelectronics in a research note to investors on Tuesday, October 29th. They now have a GBX 156 ($2.52) price target on the stock. Finally, analysts at N+1 Singer reiterated a “hold” rating on shares of Wolfson Microelectronics in a research note to investors on Tuesday, October 29th. They now have a GBX 156 ($2.52) price target on the stock. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Wolfson Microelectronics presently has an average rating of “Hold” and a consensus price target of GBX 160.78 ($2.60).
Wolfson Microelectronics plc (LON:WLF) is a semiconductor company.
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