Pace plc Given “Hold” Rating at Numis Securities Ltd (PIC)
Pace plc (LON:PIC)‘s stock had its “hold” rating reaffirmed by equities researchers at Numis Securities Ltd in a research report issued on Thursday, AmericanBankingNews.com reports. They currently have a GBX 420 ($7.05) price objective on the stock. Numis Securities Ltd’s price target suggests a potential upside of 5.53% from the company’s current price.
Shares of Pace plc (LON:PIC) opened at 408.30 on Thursday. Pace plc has a 1-year low of GBX 223.633 and a 1-year high of GBX 487.00. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0.. The company’s market cap is £1.271 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Pace plc in a research note on Friday, April 4th. They now have a GBX 500 ($8.40) price target on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of Pace plc in a research note on Wednesday, March 5th. They now have a GBX 400 ($6.72) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Pace plc in a research note on Tuesday, March 4th. They now have a GBX 437 ($7.34) price target on the stock, up previously from GBX 380 ($6.38). Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Pace plc presently has an average rating of “Buy” and an average price target of GBX 410.50 ($6.89).
Pace plc is engaged in the developing, designing and distribution of technologies, products and services for managed subscription television, telephony and broadband services and the provision of engineering design and software applications to its customers.
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