Telit Communications Plc (TCM) Stock Rating Reaffirmed by Canaccord Genuity
Telit Communications Plc (LON:TCM)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity in a research note issued to investors on Friday. They currently have a GBX 310 ($3.84) price target on the stock. Canaccord Genuity’s target price would suggest a potential upside of 18.10% from the company’s current price.
A number of other research firms have also recently commented on TCM. Peel Hunt reaffirmed a “buy” rating and set a GBX 320 ($3.96) price objective on shares of Telit Communications Plc in a research report on Friday. Royal Bank Of Canada initiated coverage on shares of Telit Communications Plc in a research report on Friday, September 23rd. They set an “outperform” rating and a GBX 325 ($4.02) price objective for the company. One analyst has rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of GBX 301.25 ($3.73).
Shares of Telit Communications Plc (LON:TCM) opened at 267.75 on Friday. The firm’s market cap is GBX 307.48 million. Telit Communications Plc has a 12 month low of GBX 167.75 and a 12 month high of GBX 336.00. The company’s 50 day moving average is GBX 254.30 and its 200-day moving average is GBX 233.27.
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In other Telit Communications Plc news, insider Cats,Oozi bought 100,000 shares of Telit Communications Plc stock in a transaction dated Monday, September 12th. The stock was bought at an average price of GBX 229 ($2.83) per share, with a total value of £229,000 ($283,415.84). Also, insider Fait ,Yosi sold 140,152 shares of the business’s stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of GBX 265 ($3.28), for a total transaction of £371,402.80 ($459,656.93).
Telit Communications Plc Company Profile
Telit Communications PLC (Telit) is a United Kingdom-based enabler of machine-to-machine (M2M) communications providing cellular, short range and positioning modules via its brand Telit Wireless Solutions. The Company develops and markets cellular, global navigation satellite system (GNSS), short-to-long range wireless modules plus mobile connectivity services and application enablement platform to onboard edge devices to the Internet of Things (IoT).
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