De La Rue plc Given Average Recommendation of “Hold” by Brokerages (LON:DLAR)
Shares of De La Rue plc (LON:DLAR) have received an average recommendation of “Hold” from the eight brokerages that are presently covering the company, Stock Ratings Network.com reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is GBX 939.83 ($15.82).
DLAR has been the subject of a number of recent research reports. Analysts at Investec raised their price target on shares of De La Rue plc from GBX 890 ($14.98) to GBX 915 ($15.40) in a research note on Wednesday. They now have a “buy” rating on the stock. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of De La Rue plc in a research note on Thursday, March 20th.
De La Rue plc (LON:DLAR) traded up 7.35% on Wednesday, hitting GBX 869.50. 295,932 shares of the company’s stock traded hands. De La Rue plc has a 52 week low of GBX 739.00 and a 52 week high of GBX 1053.00. The stock’s 50-day moving average is GBX 821.5 and its 200-day moving average is GBX 828.9. The company’s market cap is £867.6 million.
De La Rue plc is engaged in the design and production of over 150 national currencies and a range of security documents, including passports, driving licenses, authentication labels and tax stamps.
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