Premier Farnell Receives “Buy” Rating from Cantor Fitzgerald Europe (PFL)
Premier Farnell (LON:PFL)‘s stock had its “buy” rating restated by research analysts at Cantor Fitzgerald Europe in a report released on Monday, AR Network 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 stock’s previous close.
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 equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of GBX 244.46 ($4.01).
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 294,011 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 220.4 and a 200-day moving average of GBX 222.6. The company’s market cap is £867.0 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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