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Premier Farnell (LON:PFL)‘s stock had its “buy” rating reaffirmed by equities research analysts at Cantor Fitzgerald Europe in a research note issued to investors on Monday, American Banking and Market News reports. They currently have a GBX 275 ($4.51) price target on the stock. Cantor Fitzgerald Europe’s price objective would indicate a potential upside of 16.23% from the stock’s previous close.

Premier Farnell (LON:PFL) traded up 0.94% during mid-day trading on Monday, hitting GBX 236.60. 641,478 shares of the company’s stock traded hands. 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 220.8 and its 200-day moving average is GBX 223.1. The company’s market cap is £867.0 million.

Other equities research analysts have also recently issued reports about 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 analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price 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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