N+1 Singer Initiates Coverage on Premier Farnell (PFL)
Equities researchers at N+1 Singer started coverage on shares of Premier Farnell (LON:PFL) in a research report issued on Tuesday, Analyst Ratings News reports. The firm set a “sell” rating and a GBX 220 ($3.61) price target on the stock. N+1 Singer’s price objective points to a potential downside of 7.02% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Premier Farnell in a research note to investors on Monday. They now have a GBX 275 ($4.51) price target on the stock. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 242.93 ($3.99).
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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