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Investment analysts at N+1 Singer initiated coverage on shares of Acal plc (LON:ACL) in a note issued to investors on Tuesday, AR Network reports. The firm set a “buy” rating and a GBX 380 ($6.24) price target on the stock. N+1 Singer’s target price would indicate a potential upside of 15.94% from the company’s current price.

Acal plc (LON:ACL) traded down 1.06% on Tuesday, hitting GBX 327.75. 600 shares of the company’s stock traded hands. Acal plc has a 52-week low of GBX 198.75 and a 52-week high of GBX 380.00. The stock has a 50-day moving average of GBX 333.2 and a 200-day moving average of GBX 294.5. The company’s market cap is £102.6 million.

Acal plc is a provider of technology products and services. It is the parent company of a sales, marketing, and services group with two divisions: electronics and supply chain.

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