Numis Securities Ltd Trims API Group Target Price to GBX 70 (API)
Research analysts at Numis Securities Ltd reduced their price objective on shares of API Group (LON:API) from GBX 85 ($1.41) to GBX 70 ($1.16) in a report released on Thursday. The firm currently has an “add” rating on the stock. Numis Securities Ltd’s price target points to a potential upside of 13.82% from the stock’s previous close.
API Group (LON:API) opened at 58.00 on Thursday. API Group has a 52-week low of GBX 63.00 and a 52-week high of GBX 77.00. The stock’s 50-day moving average is GBX 69.28 and its 200-day moving average is GBX 71.69.
API Group plc is the holding company. The Company is engaged in manufacturing and distributing specialty foils, films and laminated materials used primarily in the graphics and packaging industries for brand enhancement and protection.
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