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Premier Farnell (LON:PFL) was downgraded by analysts at HSBC to a “neutral” rating in a research report issued to clients and investors on Monday, AnalystRatings.NET reports. They currently have a GBX 220 ($3.62) target price on the stock, down from their previous target price of GBX 290 ($4.77). HSBC’s price target would suggest a potential upside of 1.80% from the stock’s previous close.

Premier Farnell (LON:PFL) traded down 0.64% during mid-day trading on Monday, hitting GBX 216.10. The stock had a trading volume of 1,816,190 shares. Premier Farnell has a 1-year low of GBX 189.00 and a 1-year high of GBX 247.70. The stock has a 50-day moving average of GBX 224.8 and a 200-day moving average of GBX 224.0. The company’s market cap is £791.9 million.

A number of other analysts have also recently weighed in on PFL. Analysts at RBC Capital reiterated an “outperform” rating on shares of Premier Farnell in a research note to investors on Monday. Separately, analysts at Deutsche Bank cut their price target on shares of Premier Farnell from GBX 245 ($4.03) to GBX 240 ($3.94) in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Nplus1 Brewin reiterated a “sell” rating on shares of Premier Farnell in a research note to investors on Friday. They now have a GBX 220 ($3.62) price target on the stock. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 236.05 ($3.88).

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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