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Investment analysts at Citigroup Inc. cut their price target on shares of Wolfson Microelectronics (LON:WLF) from GBX 150 ($2.47) to GBX 136 ($2.24) in a note issued to investors on Thursday, Analyst Ratings News reports. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price target indicates a potential upside of 6.46% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Wolfson Microelectronics in a research note to investors on Wednesday. They now have a GBX 200 ($3.29) price target on the stock. Separately, analysts at N+1 Singer reiterated a “hold” rating on shares of Wolfson Microelectronics in a research note to investors on Wednesday. They now have a GBX 156 ($2.56) price target on the stock. Finally, analysts at Nplus1 Brewin reiterated a “hold” rating on shares of Wolfson Microelectronics in a research note to investors on Wednesday. They now have a GBX 156 ($2.56) price target on the stock. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 157.09 ($2.58).

Wolfson Microelectronics (LON:WLF) traded up 1.60% during mid-day trading on Thursday, hitting GBX 127.00. 331,700 shares of the company’s stock traded hands. Wolfson Microelectronics has a 52 week low of GBX 127.00 and a 52 week high of GBX 229.00. The stock’s 50-day moving average is GBX 140.6 and its 200-day moving average is GBX 150.3. The company’s market cap is £148.2 million.

Wolfson Microelectronics plc (LON:WLF) is a semiconductor company.

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