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Powerflute Oyj (LON:POWR) was upgraded by analysts at Numis Securities Ltd to a “buy” rating in a research report issued to clients and investors on Monday. The firm currently has a GBX 45 ($0.77) target price on the stock, up from their previous target price of GBX 37 ($0.63). Numis Securities Ltd’s target price indicates a potential upside of 20.81% from the company’s current price.

Powerflute Oyj (LON:POWR) opened at 38.20 on Monday. Powerflute Oyj has a 52-week low of GBX 23.00 and a 52-week high of GBX 42.00. The stock’s 50-day moving average is GBX 38.82 and its 200-day moving average is GBX 33.13.

Separately, analysts at Edison Investment Research reiterated a “positive” rating on shares of Powerflute Oyj in a research note on Thursday, April 10th.

Powerflute Oyj (LON:POWR) is a Finland-based company active in the paper and packaging industry.

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