Credit Suisse Lowers Premier Farnell Price Target to GBX 225 (PFL)
Investment analysts at Credit Suisse dropped their price target on shares of Premier Farnell (LON:PFL) from GBX 230 ($3.78) to GBX 225 ($3.70) in a note issued to investors on Thursday, Stock Ratings News reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price objective would indicate a potential upside of 7.66% from the stock’s previous close.
Shares of Premier Farnell (LON:PFL) remained flat at GBX 209.00 during trading on Thursday. 1,149,200 shares of the company’s stock traded hands. Premier Farnell has a one year low of GBX 189.00 and a one year high of GBX 247.70. The stock’s 50-day moving average is GBX 225.4 and its 200-day moving average is GBX 223.. The company’s market cap is £765.9 million.
Several other analysts have also recently commented on the stock. Analysts at Barclays downgraded shares of Premier Farnell to an “equal weight” rating in a research note to investors on Tuesday. They now have a GBX 210 ($3.45) price target on the stock, down previously from GBX 260 ($4.27). Separately, analysts at Cantor Fitzgerald Europe cut their price target on shares of Premier Farnell from GBX 275 ($4.52) to GBX 250 ($4.11) in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at Numis Securities Ltd downgraded shares of Premier Farnell to an “add” rating in a research note to investors on Monday. They now have a GBX 260 ($4.27) price target on the stock, down previously from GBX 290 ($4.77). Four analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 233.16 ($3.83).
Premier Farnell plc is a key partner for many electronic design engineering customers as they develop the next generation of technology and for Maintenance, Repair and Operations (LON:PFL) engineers, in its targeted industry segments such as robotics, oil and gas and 24/7 utilities.
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