RBC Capital Reiterates “Outperform” Rating for Premier Farnell plc (PFL)
Premier Farnell plc (LON:PFL)‘s stock had its “outperform” rating restated by equities researchers at RBC Capital in a research report issued on Tuesday. They currently have a GBX 280 ($4.75) target price on the stock. RBC Capital’s price target would indicate a potential upside of 52.67% from the stock’s previous close.
Premier Farnell plc (LON:PFL) traded up 0.94% on Tuesday, hitting GBX 183.40. 414,378 shares of the company’s stock traded hands. Premier Farnell plc has a one year low of GBX 180.90 and a one year high of GBX 247.70. The stock’s 50-day moving average is GBX 199.4 and its 200-day moving average is GBX 217.7. The company’s market cap is £673.0 million.
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 ($3.82) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Premier Farnell plc from GBX 240 ($4.08) to GBX 245 ($4.16) 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 assigned a hold rating and six have assigned a buy rating to the stock. Premier Farnell plc currently has an average rating of “Hold” and a consensus target price of GBX 243.08 ($4.13).
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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