Alternative Networks’s “Buy” Rating Reaffirmed at Investec (AN)
Alternative Networks (LON:AN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Investec in a research note issued to investors on Tuesday, Stock Ratings News reports. They currently have a GBX 640 ($10.64) price target on the stock. Investec’s target price suggests a potential upside of 22.25% from the stock’s previous close.
AN has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Alternative Networks in a research note on Friday, January 24th. Separately, analysts at FinnCap raised their price target on shares of Alternative Networks from GBX 540 ($8.98) to GBX 605 ($10.06) in a research note on Thursday, January 23rd. They now have a “corporate” rating on the stock. Finally, analysts at FinnCap raised their price target on shares of Alternative Networks from GBX 430 ($7.15) to GBX 540 ($8.98) in a research note on Thursday, January 9th. They now have a “corporate” rating on the stock. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Alternative Networks has a consensus rating of “Buy” and a consensus target price of GBX 516.25 ($8.59).
Shares of Alternative Networks (LON:AN) traded down 2.79% on Tuesday, hitting GBX 523.50. The stock had a trading volume of 18,794 shares. Alternative Networks has a 1-year low of GBX 285.88 and a 1-year high of GBX 600.00. The stock has a 50-day moving average of GBX 514.2 and a 200-day moving average of GBX 402.4.
Alternative Networks plc is a United Kingdom-based company is a provider of communications products and services.
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