Premier Farnell plc Given Sell Rating at N+1 Singer (PFL)
Premier Farnell plc (LON:PFL)‘s stock had its “sell” rating reiterated by stock analysts at N+1 Singer in a report issued on Thursday, American Banking News.com reports. They currently have a GBX 220 ($3.71) price target on the stock. N+1 Singer’s target price would indicate a potential upside of 0.05% from the stock’s previous close.
Shares of Premier Farnell plc (LON:PFL) traded down 3.13% during mid-day trading on Thursday, hitting GBX 219.90. 734,619 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 228.1 and its 200-day moving average is GBX 224.0. The company’s market cap is £808.5 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cantor Fitzgerald Europe reiterated a “buy” rating on shares of Premier Farnell plc in a research note on Thursday. They now have a GBX 250 ($4.21) price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Premier Farnell plc in a research note on Wednesday, April 9th. They now have a GBX 216 ($3.64) price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Premier Farnell plc in a research note on Friday, April 4th. They now have a GBX 280 ($4.72) price target on the stock. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. Premier Farnell plc currently has a consensus rating of “Hold” and an average target price of GBX 243.56 ($4.10).
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.
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