Pace plc Rating Reiterated by Canaccord Genuity (PIC)
Pace plc (LON:PIC)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity in a report released on Monday. They currently have a GBX 475 ($8.07) price objective on the stock. Canaccord Genuity’s price objective suggests a potential upside of 33.88% from the company’s current price.
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 declared a dividend, which is scheduled for Saturday, December 6th. Investors of record on Thursday, November 6th will be given a dividend of GBX 1.33 ($0.02) per share. This represents a yield of 0.38%. The ex-dividend date of this dividend is Thursday, November 6th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Pace plc in a research note on Monday. They now have a GBX 500 ($8.49) price target on the stock. Separately, 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. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Pace plc has a consensus rating of “Buy” and a consensus price target 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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