Laird Stock Rating Lowered by UBS AG (LRD)
Laird (LON:LRD) was downgraded by UBS AG to a “neutral” rating in a research note issued on Monday, American Banking & Market News reports.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “underperform” rating on shares of Laird in a research note to investors on Monday. They now have a GBX 215 ($3.54) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Laird in a research note to investors on Friday. They now have a GBX 290 ($4.78) price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Laird from GBX 272 ($4.48) to GBX 322 ($5.31) in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 270.57 ($4.46).
Shares of Laird (LON:LRD) remained flat at GBX 316.00 during trading on Monday. The stock had a trading volume of 551,561 shares. Laird has a 52-week low of GBX 169.90 and a 52-week high of GBX 319.90. The stock has a 50-day moving average of GBX 269.0 and a 200-day moving average of GBX 231.2. The company’s market cap is £839.3 million.
Laird PLC is a holding company. The Company, through its subsidiaries, is engaged in the design, manufacture and supply of products and services to the electronics industry.
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