Zacks Downgrades CSR PLC to Underperform (CSRE)
CSR PLC (NASDAQ:CSRE) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Monday. They currently have a $37.60 price objective on the stock. Zacks‘s price objective would suggest a potential downside of 5.07% from the stock’s previous close.
CSR PLC (NASDAQ:CSRE) traded up 2.17% on Monday, hitting $40.47. The stock had a trading volume of 3,353 shares. CSR PLC has a 52-week low of $30.00 and a 52-week high of $53.90. The stock’s 50-day moving average is $39.1 and its 200-day moving average is $43.12. The company’s market cap is $1.659 billion.
CSRE has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of CSR PLC in a research note on Tuesday, May 6th. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of CSR PLC in a research note on Thursday, May 1st. Finally, analysts at N+1 Singer reiterated a “hold” rating on shares of CSR PLC in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $37.60.
CSR plc is an United Kingdom-based holding company. The Company is a provider of multifunction connectivity, audio, and location platforms.
To view Zacks’ full report, visit Zacks’ official website.
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