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Panmure Gordon cut their target price on shares of Anite (LON:AIE) from GBX 146 ($2.45) to GBX 139 ($2.33) in a research note issued on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Panmure Gordon’s price objective indicates a potential upside of 59.77% from the company’s current price.

Anite (LON:AIE) traded up 1.16% during mid-day trading on Wednesday, hitting GBX 87.00. The stock had a trading volume of 1,206,794 shares. Anite has a 52-week low of GBX 72.50 and a 52-week high of GBX 162.00. The stock has a 50-day moving average of GBX 94.2 and a 200-day moving average of GBX 101.4. The company’s market cap is £248.2 million.

AIE has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of Anite in a research note on Wednesday. They now have a GBX 110 ($1.84) price target on the stock. Separately, analysts at Barclays downgraded shares of Anite to an “equal weight” rating in a research note on Tuesday, January 7th. They now have a GBX 105 ($1.76) price target on the stock. Finally, analysts at Numis Securities Ltd raised their price target on shares of Anite from GBX 80 ($1.34) to GBX 90 ($1.51) in a research note on Wednesday, December 11th. They now have a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 113.56 ($1.90).

Anite plc (LON:AIE) is a worldwide provider of hardware and software solutions, systems integration and managed services within its core markets of Wireless and Travel.

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