Mizuho Lowers LaBarge Price Target to $58.00 (LB)
Equities researchers at Mizuho dropped their price objective on shares of LaBarge (NYSE:LB) from $65.00 to $58.00 in a research report issued on Friday, AR Network reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price target would indicate a potential upside of 0.43% from the stock’s previous close.
LaBarge (NYSE:LB) traded up 0.19% during mid-day trading on Friday, hitting $57.86. The stock had a trading volume of 2,209,220 shares. LaBarge has a 52-week low of $42.49 and a 52-week high of $67.12. The stock’s 50-day moving average is $62.16 and its 200-day moving average is $58.94. The company has a market cap of $16.796 billion and a P/E ratio of 20.68.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of LaBarge from $54.00 to $53.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at FBR Capital Markets raised their price target on shares of LaBarge from $61.00 to $64.00 in a research note to investors on Tuesday. They now have a “market perform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of LaBarge in a research note to investors on Friday, December 20th. They now have a $64.00 price target on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. LaBarge presently has a consensus rating of “Hold” and a consensus target price of $61.80.
LaBarge, Inc (NYSE:LB) provides electronic, electromechanical and interconnect systems on a contract basis for customers in diverse technology-driven markets.
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