Premier Farnell Stock Rating Lowered by Numis Securities Ltd (PFL)
Premier Farnell (LON:PFL) was downgraded by analysts at Numis Securities Ltd to an “add” rating in a research report issued to clients and investors on Monday, AR Network reports. They currently have a GBX 260 ($4.27) target price on the stock, down from their previous target price of GBX 290 ($4.77). Numis Securities Ltd’s target price points to a potential upside of 19.54% from the stock’s previous close.
A number of other firms have also recently commented on PFL. Analysts at HSBC downgraded shares of Premier Farnell to a “neutral” rating in a research note to investors on Monday. They now have a GBX 220 ($3.62) price target on the stock, down previously from GBX 290 ($4.77). Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Premier Farnell in a research note to investors on Monday. Finally, 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. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 236.05 ($3.88).
Shares of 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 52 week low of GBX 189.00 and a 52 week 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.
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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