CSR plc Stock Rating Lowered by Jefferies Group (CSR)
CSR plc (LON:CSR) was downgraded by equities research analysts at Jefferies Group to a “hold” rating in a research note issued to investors on Wednesday. They currently have a GBX 569 ($9.55) price objective on the stock, down from their previous price objective of GBX 679 ($11.39). Jefferies Group’s price objective would indicate a potential upside of 7.56% from the company’s current price.
CSR plc (LON:CSR) opened at 514.50 on Wednesday. CSR plc has a 52-week low of GBX 472.70 and a 52-week high of GBX 820.00. The stock’s 50-day moving average is GBX 249. and its 200-day moving average is GBX 377.3. The company’s market cap is £851.7 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Natixis reiterated a “neutral” rating on shares of CSR plc in a research note on Friday, July 25th. They now have a GBX 600 ($10.07) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of CSR plc from GBX 400 ($6.71) to GBX 420 ($7.05) in a research note on Friday, July 25th. They now have a “buy” rating on the stock. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of CSR plc in a research note on Friday, July 25th. They now have a GBX 840 ($14.09) price target on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 618.92 ($10.38).
CSR plc is an United Kingdom-based holding company. The Company is a provider of multifunction connectivity, audio, and location platforms.
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