Barclays Reiterates Underweight Rating for CSR plc (CSR)
CSR plc (LON:CSR)‘s stock had its “underweight” rating reaffirmed by equities researchers at Barclays in a research report issued on Tuesday. They currently have a GBX 525 ($9.01) target price on the stock. Barclays’ price objective points to a potential downside of 11.84% from the company’s current price.
Shares of CSR plc (LON:CSR) traded down 1.89% during mid-day trading on Tuesday, hitting GBX 595.5404. 301,735 shares of the company’s stock traded hands. CSR plc has a 1-year low of GBX 472.70 and a 1-year high of GBX 820.00. The stock has a 50-day moving average of GBX 303.7 and a 200-day moving average of GBX 407.7. The company’s market cap is £976.7 million.
CSR has been the subject of a number of other recent research reports. Analysts at Deutsche Bank raised their price target on shares of CSR plc from GBX 370 ($6.35) to GBX 400 ($6.86) in a research note on Monday. They now have a “sell” rating on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of CSR plc in a research note on Friday, June 27th. They now have a GBX 840 ($14.41) price target on the stock. Finally, analysts at Liberum Capital reiterated a “buy” rating on shares of CSR plc in a research note on Wednesday, June 25th. They now have a GBX 680 ($11.66) price target on the stock. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of GBX 627.38 ($10.76).
CSR plc is an United Kingdom-based holding company. The Company is a provider of multifunction connectivity, audio, and location platforms.
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