Wolfson Microelectronics Stock Rating Lowered by N+1 Singer (WLF)
Wolfson Microelectronics (LON:WLF) was downgraded by equities researchers at N+1 Singer to a “hold” rating in a research report issued on Monday, ARN reports. They currently have a GBX 156 ($2.52) price target on the stock, down from their previous price target of GBX 170 ($2.75). N+1 Singer’s target price points to a potential upside of 7.59% from the company’s current price.
Wolfson Microelectronics (LON:WLF) traded up 2.11% on Monday, hitting GBX 145.00. 123,464 shares of the company’s stock traded hands. Wolfson Microelectronics has a 52 week low of GBX 135.50 and a 52 week high of GBX 229.00. The stock has a 50-day moving average of GBX 158. and a 200-day moving average of GBX 171.3. The company’s market cap is £169.2 million.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Wolfson Microelectronics in a research note to investors on Tuesday, October 15th. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Wolfson Microelectronics in a research note to investors on Tuesday, October 15th. They now have a GBX 180 ($2.91) price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Wolfson Microelectronics from GBX 175 ($2.83) to GBX 150 ($2.43) in a research note to investors on Thursday, October 3rd. They now have a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Wolfson Microelectronics has a consensus rating of “Hold” and an average price target of GBX 160.78 ($2.60).
Wolfson Microelectronics plc (LON:WLF) is a semiconductor company.
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