Pace plc Given New GBX 425 Price Target at Jefferies Group (PIC)
Jefferies Group decreased their price objective on shares of Pace plc (LON:PIC) from GBX 467 ($7.93) to GBX 425 ($7.22) in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 32.90% from the stock’s previous close.
Pace plc (LON:PIC) opened at 317.90 on Wednesday. Pace plc has a one year low of GBX 247.70 and a one year high of GBX 487.00.
The company also recently announced a dividend, which is scheduled for Saturday, December 6th. Stockholders 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.
PIC has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Pace plc in a research note on Monday, July 28th. They now have a GBX 475 ($8.07) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Pace plc in a research note on Monday, July 28th. They now have a GBX 500 ($8.49) price target on the stock. Finally, 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Pace plc has an average rating of “Buy” and a consensus target price of GBX 442.75 ($7.52).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.