Liberum Capital Lowers CSR plc to Hold (CSR)
CSR plc (LON:CSR) was downgraded by equities researchers at Liberum Capital to a “hold” rating in a research report issued on Friday. They currently have a GBX 800 ($13.24) target price on the stock, up from their previous target price of GBX 680 ($11.25). Liberum Capital’s target price indicates a potential upside of 3.33% from the company’s current price.
A number of other firms have also recently commented on CSR. Analysts at Jefferies Group downgraded shares of CSR plc to a “hold” rating in a research note on Wednesday, August 13th. They now have a GBX 569 ($9.42) price target on the stock, down previously from GBX 679 ($11.24). Separately, 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 ($9.93) price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of CSR plc from GBX 400 ($6.62) to GBX 420 ($6.95) in a research note on Friday, July 25th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 628.15 ($10.39).
Shares of CSR plc (LON:CSR) opened at 768.50 on Friday. 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 230.0 and its 200-day moving average is GBX 352.9. The company’s market cap is £1.272 billion.
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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