Liberum Capital Downgrades CSR to Hold (CSR)
CSR (LON:CSR) was downgraded by investment analysts at Liberum Capital to a “hold” rating in a note issued to investors on Friday, Stock Ratings News reports. They currently have a GBX 700 ($11.54) price objective on the stock, up from their previous price objective of GBX 580 ($9.56). Liberum Capital’s price objective would suggest a potential downside of 0.78% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of CSR in a research note to investors on Tuesday. They now have a GBX 650 ($10.71) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of CSR in a research note to investors on Thursday, January 9th. They now have a GBX 370 ($6.10) price target on the stock. Finally, analysts at Barclays downgraded shares of CSR to an “underweight” rating in a research note to investors on Tuesday, January 7th. They now have a GBX 550 ($9.06) price target on the stock, up previously from GBX 500 ($8.24). Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. CSR currently has an average rating of “Hold” and an average price target of GBX 594.57 ($9.80).
Shares of CSR (LON:CSR) traded up 0.36% on Friday, hitting GBX 705.50. 645,762 shares of the company’s stock traded hands. CSR has a one year low of GBX 347.80 and a one year high of GBX 702.00. The stock’s 50-day moving average is GBX 378. and its 200-day moving average is GBX 421.1. The company’s market cap is £1.154 billion.
CSR plc is a holding company. The Company is a provider of multifunction connectivity, audio, video and imaging and location platforms.
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