Premier Farnell plc Rating Reiterated by RBC Capital (PFL)
Premier Farnell plc (LON:PFL)‘s stock had its “outperform” rating reiterated by equities researchers at RBC Capital in a research report issued on Tuesday. They currently have a GBX 280 ($4.80) price target on the stock. RBC Capital’s price target points to a potential upside of 40.77% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Premier Farnell plc in a research note on Monday, June 30th. They now have a GBX 225 ($3.86) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Premier Farnell plc from GBX 240 ($4.12) to GBX 245 ($4.20) in a research note on Thursday, June 12th. They now have a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 243.62 ($4.18).
Shares of Premier Farnell plc (LON:PFL) traded down 2.51% on Tuesday, hitting GBX 193.90. 415,017 shares of the company’s stock traded hands. Premier Farnell plc has a one year low of GBX 199.18 and a one year high of GBX 247.70. The stock has a 50-day moving average of GBX 209.6 and a 200-day moving average of GBX 221.. The company’s market cap is £711.5 million.
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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