Thorntons plc Rating Reiterated by N+1 Singer (THT)
Thorntons plc (LON:THT)‘s stock had its “buy” rating reaffirmed by investment analysts at N+1 Singer in a note issued to investors on Wednesday, Analyst Ratings News reports. They currently have a GBX 170 ($2.86) price target on the stock. N+1 Singer’s price objective suggests a potential upside of 31.29% from the company’s current price.
Thorntons plc (LON:THT) traded up 4.42% during mid-day trading on Wednesday, hitting GBX 129.48. 754,530 shares of the company’s stock traded hands. Thorntons plc has a one year low of GBX 74.261 and a one year high of GBX 167.94. The stock’s 50-day moving average is GBX 146.9 and its 200-day moving average is GBX 138.1. The company’s market cap is £86.7 million.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a “buy” rating on shares of Thorntons plc in a research note on Wednesday. They now have a GBX 173 ($2.91) price target on the stock. Separately, analysts at Panmure Gordon downgraded shares of Thorntons plc to a “hold” rating in a research note on Monday, March 3rd. They now have a GBX 150 ($2.52) price target on the stock. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of GBX 170.60 ($2.87).
Thorntons PLC is a United Kingdom-based engaged in the manufacturing, retailing and distribution of confectionery and other sweet foods.
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