Premier Farnell plc Receives Average Recommendation of “Hold” from Analysts (LON:PFL)
Shares of Premier Farnell plc (LON:PFL) have received an average recommendation of “Hold” from the thirteen brokerages that are presently covering the stock, AmericanBankingNews.com reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 243.08 ($4.06).
Shares of Premier Farnell plc (LON:PFL) opened at 195.00 on Friday. Premier Farnell plc has a 1-year low of GBX 174.60 and a 1-year high of GBX 247.70. The stock has a 50-day moving average of GBX 189.0 and a 200-day moving average of GBX 212.1. The company’s market cap is £715.6 million.
Several analysts have recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Premier Farnell plc in a research note on Tuesday, July 29th. They now have a GBX 280 ($4.68) price target on the stock. Finally, 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 ($3.76) price target on the stock.
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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