Barclays Reiterates Overweight Rating for Pace plc (PIC)
Pace plc (LON:PIC)‘s stock had its “overweight” rating restated by investment analysts at Barclays in a note issued to investors on Monday. They currently have a GBX 500 ($8.49) price objective on the stock. Barclays’ target price indicates a potential upside of 40.92% from the stock’s previous close.
Shares of Pace plc (LON:PIC) traded down 3.64% during mid-day trading on Monday, hitting GBX 355.00. The stock had a trading volume of 2,993,132 shares. Pace plc has a 52-week low of GBX 247.70 and a 52-week high of GBX 487.00.
The company also recently announced a dividend, which is scheduled for Saturday, December 6th. Investors of record on Thursday, November 6th will be paid a dividend of GBX 1.33 ($0.02) per share. This represents a dividend yield of 0.38%. The ex-dividend date is Thursday, November 6th.
A number of other analysts have also recently weighed in on PIC. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Pace plc in a research note on Tuesday, July 8th. They now have a GBX 530 ($9.00) price target on the stock. Separately, 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 ($7.76) price target on the stock. Finally, 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 ($6.54) price target on the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 448 ($7.61).
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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