Laird Stock Rating Reaffirmed by Credit Suisse (LRD)
Laird (LON:LRD)‘s stock had its “underperform” rating reiterated by investment analysts at Credit Suisse in a note issued to investors on Monday, American Banking and Market News reports. They currently have a GBX 215 ($3.54) price objective on the stock. Credit Suisse’s price objective indicates a potential downside of 31.96% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Laird in a research note to investors on Thursday. They now have a GBX 340 ($5.60) price target on the stock. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 270.57 ($4.46).
Shares of Laird (LON:LRD) remained flat at GBX 316.00 during during mid-day trading trading on Monday. 807,393 shares of the company’s stock traded hands. Laird has a 52-week low of GBX 169.90 and a 52-week high of GBX 319.90. The stock’s 50-day moving average is GBX 269.0 and its 200-day moving average is 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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