Pace plc Given Overweight Rating at JPMorgan Chase & Co. (PIC)
Pace plc (LON:PIC)‘s stock had its “overweight” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Thursday, AmericanBankingNews.com reports. They currently have a GBX 380 ($6.23) price target on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 7.95% from the company’s current price.
A number of other firms have also recently commented on PIC. 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. Separately, 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. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Pace plc in a research note to investors on Thursday, November 14th. They now have a GBX 338 ($5.54) price target on the stock. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 335.92 ($5.51).
Shares of Pace plc (LON:PIC) traded up 3.01% during mid-day trading on Thursday, hitting GBX 352.00. 1,417,421 shares of the company’s stock traded hands. Pace plc has a 52-week low of GBX 189.30 and a 52-week high of GBX 338.60. The stock’s 50-day moving average is GBX 312.3 and its 200-day moving average is GBX 289.8. The company’s market cap is £1.085 billion.
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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