Pace plc Given Buy Rating at Jefferies Group (PIC)
Pace plc (LON:PIC)‘s stock had its “buy” rating restated by Jefferies Group in a research note issued on Monday, AnalystRatingsNetwork.com reports. They currently have a GBX 467 ($7.87) price target on the stock. Jefferies Group’s price objective suggests a potential upside of 33.54% from the company’s current price.
Pace plc (LON:PIC) opened at 349.70 on Monday. Pace plc has a one year low of GBX 223.633 and a one year high of GBX 487.00.
A number of other firms have also recently commented on PIC. Analysts at Barclays reiterated an “overweight” rating on shares of Pace plc in a research note on Tuesday, May 6th. They now have a GBX 500 ($8.42) price target on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Pace plc from GBX 320 ($5.39) to GBX 457 ($7.70) in a research note on Thursday, April 24th. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of GBX 427.63 ($7.20).
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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