Pace plc Earns Buy Rating from Canaccord Genuity (PIC)
Pace plc (LON:PIC)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity in a report released on Thursday. They currently have a GBX 457 ($7.56) price objective on the stock. Canaccord Genuity’s price objective points to a potential upside of 35.89% from the stock’s previous close.
Shares of Pace plc (LON:PIC) opened at 333.80 on Thursday. Pace plc has a 52 week low of GBX 247.70 and a 52 week high of GBX 487.00. The stock’s 50-day moving average is GBX 0. and its 200-day moving average is GBX 0.. The company’s market cap is £1.041 billion.
The company also recently announced a dividend, which is scheduled for Friday, December 5th. Shareholders 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 0.42%. The ex-dividend date is Thursday, November 6th.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Pace plc in a research note on Tuesday, August 5th. They now have a GBX 445 ($7.36) price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Pace plc from GBX 467 ($7.73) to GBX 425 ($7.03) in a research note on Wednesday, July 30th. They now have a “buy” rating 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 ($8.27) price target on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of GBX 441.50 ($7.31).
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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