CSR plc PT Raised to GBX 420 at Deutsche Bank (CSR)
Investment analysts at Deutsche Bank raised their target price on shares of CSR plc (LON:CSR) from GBX 400 ($6.84) to GBX 420 ($7.18) in a note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target would suggest a potential downside of 27.27% from the company’s current price.
Shares of CSR plc (LON:CSR) opened at 577.50 on Friday. CSR plc has a 52-week low of GBX 472.70 and a 52-week high of GBX 820.00. The stock has a 50-day moving average of GBX 401.1 and a 200-day moving average of GBX 531.8. The company’s market cap is £947.2 million.
A number of other firms have also recently commented on CSR. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of CSR plc in a research note on Friday. They now have a GBX 840 ($14.35) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of CSR plc in a research note on Friday. They now have a GBX 680 ($11.62) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of CSR plc in a research note on Thursday. They now have a GBX 750 ($12.82) price target on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 627.38 ($10.72).
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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