Pace plc Given Buy Rating at Jefferies Group (PIC)
Pace plc (LON:PIC)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group in a report released on Thursday, Stock Ratings News reports. They currently have a GBX 338 ($5.54) target price on the stock. Jefferies Group’s price target suggests a potential downside of 0.29% from the stock’s previous close.
Shares of Pace plc (LON:PIC) traded up 3.04% on Thursday, hitting GBX 352.10. 822,768 shares of the company’s stock traded hands. Pace plc has a 1-year low of GBX 189.30 and a 1-year high of GBX 338.60. The stock has a 50-day moving average of GBX 312.3 and a 200-day moving average of GBX 289.8. The company’s market cap is £1.086 billion.
A number of other analysts have also recently weighed in on PIC. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Pace plc in a research note to investors on Thursday. They now have a GBX 380 ($6.23) price target on the stock. Separately, analysts at BNP Paribas upgraded shares of Pace plc to an “outperform” rating in a research note to investors on Wednesday. They now have a GBX 400 ($6.56) 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. They now have a GBX 320 ($5.25) price target on the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 335.92 ($5.51).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.