CSR plc Cut to “Add” at Numis Securities Ltd (CSR)
CSR plc (LON:CSR) was downgraded by equities researchers at Numis Securities Ltd to an “add” rating in a research report issued on Monday. They currently have a GBX 915 ($15.18) price objective on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 16.41% from the stock’s previous close.
CSR plc (LON:CSR) opened at 801.5001 on Monday. CSR plc has a 52 week low of GBX 472.70 and a 52 week high of GBX 820.00. The stock has a 50-day moving average of GBX 214.1 and a 200-day moving average of GBX 350.5. The company’s market cap is £1.327 billion.
A number of other firms have also recently commented on CSR. Analysts at Liberum Capital downgraded shares of CSR plc to a “hold” rating in a research note on Friday. They now have a GBX 800 ($13.28) price target on the stock, up previously from GBX 680 ($11.28). Finally, 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 ($9.44) price target on the stock, down previously from GBX 679 ($11.27). One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 633.92 ($10.52).
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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