Premier Farnell Receives Buy Rating from Cantor Fitzgerald Europe (PFL)
Premier Farnell (LON:PFL)‘s stock had its “buy” rating restated by stock analysts at Cantor Fitzgerald Europe in a report issued on Tuesday, Analyst Ratings Network.com reports. They currently have a GBX 250 ($4.12) price objective on the stock. Cantor Fitzgerald Europe’s price target suggests a potential upside of 6.97% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Premier Farnell in a research note to investors on Tuesday, December 17th. They now have a GBX 230 ($3.79) price target on the stock. Separately, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Premier Farnell in a research note to investors on Monday, November 18th. They now have a GBX 250 ($4.12) price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Premier Farnell in a research note to investors on Thursday, November 14th. They now have a GBX 265 ($4.37) price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 243.24 ($4.01).
Premier Farnell (LON:PFL) opened at 234.60 on Tuesday. Premier Farnell has a 52 week low of GBX 189.00 and a 52 week high of GBX 247.70. The stock’s 50-day moving average is GBX 219.1 and its 200-day moving average is GBX 222.0. The company’s market cap is £859.7 million.
Premier Farnell plc markets and distributes electronic, maintenance, repair and operations products and specialist services throughout Europe, North America and Asia Pacific.
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