Premier Farnell plc Stock Rating Reaffirmed by Credit Suisse (PFL)
Premier Farnell plc (LON:PFL)‘s stock had its “neutral” rating reiterated by Credit Suisse in a research note issued on Friday, Analyst Ratings News reports. They currently have a GBX 225 ($3.77) target price on the stock. Credit Suisse’s price target indicates a potential downside of 1.11% from the company’s current price.
A number of other analysts have also recently weighed in on PFL. Analysts at Barclays downgraded shares of Premier Farnell plc to an “equal weight” rating in a research note on Tuesday, February 4th. They now have a GBX 210 ($3.52) price target on the stock, down previously from GBX 260 ($4.36). Separately, analysts at Cantor Fitzgerald Europe cut their price target on shares of Premier Farnell plc from GBX 275 ($4.61) to GBX 250 ($4.19) in a research note on Tuesday, February 4th. They now have a “buy” rating on the stock. Finally, analysts at Numis Securities Ltd downgraded shares of Premier Farnell plc to an “add” rating in a research note on Monday, February 3rd. They now have a GBX 260 ($4.36) price target on the stock, down previously from GBX 290 ($4.86). Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 233.16 ($3.91).
Premier Farnell plc (LON:PFL) traded up 0.63% during mid-day trading on Friday, hitting GBX 227.53. 543,190 shares of the company’s stock traded hands. Premier Farnell plc has a 52 week low of GBX 189.00 and a 52 week high of GBX 247.70. The stock’s 50-day moving average is GBX 224.7 and its 200-day moving average is GBX 222.9. The company’s market cap is £833.8 million.
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.