Premier Farnell’s Buy Rating Reaffirmed at Cantor Fitzgerald Europe (PFL)
Premier Farnell (LON:PFL)‘s stock had its “buy” rating reiterated by equities researchers at Cantor Fitzgerald Europe in a research report issued on Monday, AnalystRatingsNetwork reports. They currently have a GBX 275 ($4.51) target price on the stock. Cantor Fitzgerald Europe’s price target indicates a potential upside of 17.32% from the company’s current price.
A number of other firms have also recently commented 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 research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 244.46 ($4.01).
Shares of Premier Farnell (LON:PFL) traded up 0.98% during mid-day trading on Monday, hitting GBX 236.69. The stock had a trading volume of 545,184 shares. 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 220.4 and its 200-day moving average is GBX 222.6. The company’s market cap is £867.4 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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