Pace plc Downgraded by Espirito Santo Investment Bank Research to “Neutral” (PIC)
Pace plc (LON:PIC) was downgraded by stock analysts at Espirito Santo Investment Bank Research to a “neutral” rating in a report issued on Thursday, StockRatingsNetwork.com reports. They currently have a GBX 370 ($6.07) price target on the stock, up from their previous price target of GBX 350 ($5.74). Espirito Santo Investment Bank Research’s price objective indicates a potential downside of 6.64% from the company’s current price.
PIC has been the subject of a number of other recent research reports. Analysts at Barclays upgraded shares of Pace plc to an “overweight” rating in a research note on Monday. They now have a GBX 450 ($7.38) price target on the stock. Separately, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Pace plc in a research note on Tuesday, January 14th. They now have a GBX 370 ($6.07) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Pace plc in a research note on Thursday, January 9th. They now have a GBX 338 ($5.55) price target on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Pace plc has a consensus rating of “Buy” and a consensus price target of GBX 367.25 ($6.03).
Shares of Pace plc (LON:PIC) opened at 397.20 on Thursday. Pace plc has a 1-year low of GBX 216.816 and a 1-year high of GBX 398.90. The stock has a 50-day moving average of GBX 343.9 and a 200-day moving average of GBX 306.. The company’s market cap is £1.225 billion.
Pace plc is engaged in the development, design and distribution of technologies and products for managed subscription television, telephony and broadband services and the provision of engineering design, and software applications to its set-top boxes (LON:PIC) and gateway customers.
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