Zacks Downgrades CSR PLC to Underperform (CSRE)
CSR PLC (NASDAQ:CSRE) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Monday, AnalystRatingsNetwork reports. They currently have a $38.60 target price on the stock. Zacks‘ price target indicates a potential downside of 16.67% from the company’s current price.
CSR PLC (NASDAQ:CSRE) traded up 0.50% on Monday, hitting $46.32. 11,817 shares of the company’s stock traded hands. CSR PLC has a 52 week low of $22.70 and a 52 week high of $46.40. The stock’s 50-day moving average is $39.86 and its 200-day moving average is $34.. The company has a market cap of $1.895 billion and a P/E ratio of 22.16.
Separately, analysts at Barclays downgraded shares of CSR PLC from an “equal weight” rating to an “underweight” rating in a research note to investors on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. CSR PLC presently has an average rating of “Hold” and a consensus price target of $38.60.
To view Zacks’ full report, visit www.zacks.com
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