Premier Farnell plc Stock Rating Reaffirmed by Credit Suisse (PFL)
Premier Farnell plc (LON:PFL)‘s stock had its “neutral” rating restated by Credit Suisse in a research note issued to investors on Monday. They currently have a GBX 225 ($3.83) target price on the stock. Credit Suisse’s target price suggests a potential upside of 10.67% from the company’s current price.
Premier Farnell plc (LON:PFL) opened at 204.90 on Monday. Premier Farnell plc has a 52-week low of GBX 199.18 and a 52-week high of GBX 247.70. The stock’s 50-day moving average is GBX 214.0 and its 200-day moving average is GBX 221.4. The company’s market cap is £751.9 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Premier Farnell plc in a research note on Tuesday, June 17th. They now have a GBX 280 ($4.77) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Premier Farnell plc from GBX 240 ($4.09) to GBX 245 ($4.17) in a research note on Thursday, June 12th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Premier Farnell plc in a research note on Thursday, May 15th. They now have a GBX 240 ($4.09) price target on the stock. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Premier Farnell plc presently has a consensus rating of “Hold” and a consensus target price of GBX 243.62 ($4.15).
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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