Cantor Fitzgerald Europe Reiterates “Buy” Rating for Premier Farnell (PFL)
Premier Farnell (LON:PFL)‘s stock had its “buy” rating reaffirmed by investment analysts at Cantor Fitzgerald Europe in a note issued to investors on Monday, StockRatingsNetwork.com reports. They currently have a GBX 275 ($4.51) price target on the stock. Cantor Fitzgerald Europe’s price target indicates a potential upside of 17.32% from the company’s current price.
Shares of Premier Farnell (LON:PFL) opened at 236.30 on Monday. Premier Farnell has a 1-year low of GBX 189.00 and a 1-year high of GBX 247.70. The stock has a 50-day moving average of GBX 220.4 and a 200-day moving average of GBX 222.6. The company’s market cap is £865.9 million.
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 ($3.78) price target on the stock. Separately, 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 ($4.35) price target on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of GBX 244.46 ($4.01).
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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