Premier Farnell plc Stock Rating Reaffirmed by RBC Capital (PFL)
Premier Farnell plc (LON:PFL)‘s stock had its “outperform” rating restated by investment analysts at RBC Capital in a note issued to investors on Tuesday. They currently have a GBX 280 ($4.75) target price on the stock. RBC Capital’s price target would indicate a potential upside of 32.39% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Premier Farnell plc from GBX 240 ($4.07) to GBX 245 ($4.16) in a research note on Thursday, June 12th. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Premier Farnell plc in a research note on Wednesday, June 4th. They now have a GBX 225 ($3.82) price target on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. Premier Farnell plc has an average rating of “Hold” and an average price target of GBX 243.62 ($4.14).
Premier Farnell plc (LON:PFL) traded down 2.46% on Tuesday, hitting GBX 206.30. 1,155,704 shares of the company’s stock traded hands. Premier Farnell plc has a 1-year low of GBX 189.00 and a 1-year high of GBX 247.70. The stock has a 50-day moving average of GBX 218.8 and a 200-day moving average of GBX 222.2. The company’s market cap is £757.0 million.
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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