JPMorgan Chase & Co. Reiterates Overweight Rating for Pace plc (PIC)
PIC has been the subject of a number of other recent research reports. Analysts at Jefferies Group cut their price target on shares of Pace plc from GBX 467 ($7.86) to GBX 425 ($7.15) in a research note on Wednesday, July 30th. They now have a “buy” rating on the stock. Separately, 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 ($7.99) price target on the stock. Finally, 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 ($8.41) price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Pace plc currently has an average rating of “Buy” and an average target price of GBX 443.57 ($7.46).
Shares of Pace plc (LON:PIC) traded down 1.88% during mid-day trading on Tuesday, hitting GBX 308.50. 812,017 shares of the company’s stock traded hands. Pace plc has a 1-year low of GBX 247.70 and a 1-year high of GBX 487.00. The stock’s 50-day moving average is GBX 348.6 and its 200-day moving average is GBX 384.3. The company’s market cap is £962.3 million.
The company also recently declared a dividend, which is scheduled for Saturday, December 6th. Shareholders 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.
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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