CSR Receives Sell Rating from Deutsche Bank (CSR)
CSR (LON:CSR)‘s stock had its “sell” rating reiterated by equities research analysts at Deutsche Bank in a research note issued to investors on Thursday, American Banking and Market News reports. They currently have a GBX 370 ($6.07) price objective on the stock. Deutsche Bank’s target price would suggest a potential downside of 41.50% from the stock’s previous close.
CSR (LON:CSR) traded down 4.31% on Thursday, hitting GBX 632.50. The stock had a trading volume of 268,429 shares. CSR has a 52 week low of GBX 347.80 and a 52 week high of GBX 668.50. The stock has a 50-day moving average of GBX 311.8 and a 200-day moving average of GBX 408.7. The company’s market cap is £1.035 billion.
Several other analysts have also recently commented on the stock. Analysts at Barclays downgraded shares of CSR to an “underweight” rating in a research note to investors on Tuesday. They now have a GBX 550 ($9.02) price target on the stock, up previously from GBX 500 ($8.20). Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of CSR in a research note to investors on Tuesday. Finally, analysts at Jefferies Group raised their price target on shares of CSR from GBX 629 ($10.32) to GBX 679 ($11.14) in a research note to investors on Monday, December 16th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 572.83 ($9.40).
CSR plc is a holding company. The Company is a provider of multifunction connectivity, audio, video and imaging and location platforms.
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