Pace plc Stock Rating Reaffirmed by Barclays (PIC)
Pace plc (LON:PIC)‘s stock had its “overweight” rating reiterated by analysts at Barclays in a research report issued to clients and investors on Friday, American Banking News.com reports. They currently have a GBX 500 ($8.40) target price on the stock. Barclays’ price objective points to a potential upside of 25.03% from the company’s current price.
A number of other firms have also recently commented on PIC. Analysts at Canaccord Genuity raised their price target on shares of Pace plc from GBX 320 ($5.37) to GBX 457 ($7.68) in a research note on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Pace plc in a research note on Thursday. They now have a GBX 420 ($7.05) price target on the stock. Finally, analysts at Numis Securities Ltd raised their price target on shares of Pace plc from GBX 340 ($5.71) to GBX 420 ($7.05) in a research note on Wednesday, March 5th. They now have a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of GBX 427.63 ($7.18).
Pace plc (LON:PIC) traded up 0.78% during mid-day trading on Friday, hitting GBX 399.90. The stock had a trading volume of 510,715 shares. Pace plc has a 52 week low of GBX 223.633 and a 52 week 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 has a P/E ratio of 1331.54.
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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