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Premier Farnell (LON:PFL)‘s stock had its “buy” rating reaffirmed by equities researchers at Cantor Fitzgerald Europe in a research report issued on Monday, AR Network reports. They currently have a GBX 275 ($4.51) target price on the stock. Cantor Fitzgerald Europe’s target price suggests a potential upside of 16.23% from the stock’s previous close.

Shares of Premier Farnell (LON:PFL) traded up 0.94% during mid-day trading on Monday, hitting GBX 236.60. The stock had a trading volume of 641,478 shares. Premier Farnell has a 52-week low of GBX 189.00 and a 52-week high of GBX 247.70. The stock has a 50-day moving average of GBX 220.8 and a 200-day moving average of GBX 223.1. The company’s market cap is £867.0 million.

A number of other analysts have also recently weighed in on PFL. 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 investment 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’s stock. Premier Farnell has a consensus rating of “Buy” and a consensus 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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