De La Rue plc Rating Lowered to Neutral at JPMorgan Chase & Co. (DLAR)
De La Rue plc (LON:DLAR) was downgraded by stock analysts at JPMorgan Chase & Co. to a “neutral” rating in a report issued on Monday, Analyst RN reports. They currently have a GBX 854 ($14.03) target price on the stock, down from their previous target price of GBX 974 ($16.01). JPMorgan Chase & Co.’s target price indicates a potential upside of 11.13% from the stock’s previous close.
A number of other analysts have also recently weighed in on DLAR. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of De La Rue plc in a research note to investors on Friday. They now have a GBX 854 ($14.03) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “hold” rating on shares of De La Rue plc in a research note to investors on Friday. They now have a GBX 806 ($13.25) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of De La Rue plc in a research note to investors on Friday. They now have a GBX 890 ($14.63) price target on the stock. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 944.86 ($15.53).
De La Rue plc (LON:DLAR) traded down 1.60% during mid-day trading on Monday, hitting GBX 768.50. The stock had a trading volume of 121,973 shares. De La Rue plc has a one year low of GBX 760.50 and a one year high of GBX 1053.00. The stock has a 50-day moving average of GBX 852.3 and a 200-day moving average of GBX 920.6. The company’s market cap is £766.8 million.
De La Rue plc is engaged in the design and production of over 150 national currencies and a range of security documents, including passports, driving licenses, authentication labels and tax stamps.
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