Espirito Santo Investment Bank Research Initiates Coverage on Alent PLC (ALNT)
Espirito Santo Investment Bank Research initiated coverage on shares of Alent PLC (LON:ALNT) in a research note issued on Thursday. The firm set a “buy” rating and a GBX 430 ($7.32) price target on the stock. Espirito Santo Investment Bank Research’s target price indicates a potential upside of 16.85% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Alent PLC in a research note on Wednesday, June 4th. They now have a GBX 390 ($6.64) price target on the stock. Finally, analysts at Numis Securities Ltd upgraded shares of Alent PLC to an “add” rating in a research note on Monday, May 19th. They now have a GBX 340 ($5.79) price target on the stock, up previously from GBX 330 ($5.62). Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 368.20 ($6.27).
Alent PLC (LON:ALNT) opened at 370.50 on Thursday. Alent PLC has a one year low of GBX 297.80 and a one year high of GBX 392.00. The stock’s 50-day moving average is GBX 333.2 and its 200-day moving average is GBX 327.1. The company’s market cap is £1.031 billion.
Alent plc (LON:ALNT) is a supplier of advanced, consumable specialty chemicals and engineered materials used in the electronics, automotive and industrial end market segments.
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