Pace plc Stock Rating Reaffirmed by Barclays (PIC)
Pace plc (LON:PIC)‘s stock had its “overweight” rating restated by equities researchers at Barclays in a research report issued on Tuesday. They currently have a GBX 500 ($8.58) price objective on the stock. Barclays’ target price would suggest a potential upside of 43.68% from the company’s current price.
PIC has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Pace plc in a research note on Monday, June 23rd. They now have a GBX 457 ($7.84) price target on the stock. Separately, analysts at Goldman Sachs reiterated a “neutral” rating on shares of Pace plc in a research note on Tuesday, May 20th. They now have a GBX 385 ($6.60) price target on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Pace plc in a research note on Monday, May 12th. They now have a GBX 467 ($8.01) price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of GBX 445.75 ($7.65).
Shares of Pace plc (LON:PIC) traded down 3.84% during mid-day trading on Tuesday, hitting GBX 348.00. 599,591 shares of the company’s stock traded hands. Pace plc has a 52-week low of GBX 247.70 and a 52-week high of GBX 487.00.
Pace plc is engaged in the developing, designing and distribution of technologies, products and services for managed subscription television, telephony and broadband services and the provision of engineering design and software applications to its customers.
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