Pace plc Receives Overweight Rating from Barclays (PIC)
Pace plc (LON:PIC) traded up 0.12% on Thursday, hitting GBX 344.20. The stock had a trading volume of 559,422 shares. Pace plc has a 1-year low of GBX 241.20 and a 1-year high of GBX 487.00. The stock has a 50-day moving average of GBX 361.6 and a 200-day moving average of GBX 378.8. The company’s market cap is £1.071 billion.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Pace plc in a research note on Monday. They now have a GBX 457 ($7.78) price target on the stock. Separately, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Pace plc in a research note on Tuesday, May 20th. They now have a GBX 385 ($6.55) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Pace plc in a research note on Monday, May 12th. They now have a GBX 467 ($7.95) price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Pace plc currently has an average rating of “Buy” and a consensus price target of GBX 419.43 ($7.14).
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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