Pace plc Given Consensus Rating of “Buy” by Brokerages (LON:PIC)
Shares of Pace plc (LON:PIC) have been given an average recommendation of “Buy” by the eight analysts that are presently covering the company, Stock Ratings Network reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 441.50 ($7.31).
A number of research firms have recently commented on PIC. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Pace plc in a research note on Thursday. They now have a GBX 457 ($7.56) price target on the stock. Separately, 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. Finally, 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.
Shares of Pace plc (LON:PIC) traded down 1.26% during mid-day trading on Friday, hitting GBX 329.10. The stock had a trading volume of 142,543 shares. Pace plc has a 1-year low of GBX 247.70 and a 1-year high of GBX 487.00. The stock has a 50-day moving average of GBX 0. and a 200-day moving average of GBX 0.. The company’s market cap is £1.027 billion.
The company also recently declared a dividend, which is scheduled for Friday, December 5th. 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 0.42%. 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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