Laird PLC (LRD) Lifted to Add at Numis Securities Ltd
Laird PLC (LON:LRD) was upgraded by equities research analysts at Numis Securities Ltd to an “add” rating in a research note issued on Friday. The brokerage currently has a GBX 165 ($2.11) price objective on the stock. Numis Securities Ltd’s target price suggests a potential upside of 10.00% from the company’s current price.
Several other brokerages have also recently issued reports on LRD. Berenberg Bank reiterated a “buy” rating and issued a GBX 185 ($2.37) price objective on shares of Laird PLC in a research note on Tuesday. Barclays PLC reiterated an “equal weight” rating and issued a GBX 140 ($1.79) price objective on shares of Laird PLC in a research note on Wednesday, January 25th. Finally, JPMorgan Chase & Co. decreased their price objective on Laird PLC from GBX 200 ($2.56) to GBX 170 ($2.17) and set a “neutral” rating for the company in a research note on Monday, January 9th.
Shares of Laird PLC (LON:LRD) traded up 6.19% during midday trading on Friday, reaching GBX 150.00. 14,772,646 shares of the company traded hands. Laird PLC has a 1-year low of GBX 123.50 and a 1-year high of GBX 361.10. The stock has a 50 day moving average price of GBX 142.95 and a 200 day moving average price of GBX 160.40. The firm’s market capitalization is GBX 405.99 million.
In other Laird PLC news, insider Kevin Dangerfield bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The stock was purchased at an average price of GBX 190 ($2.43) per share, for a total transaction of £47,500 ($60,726.16). Also, insider Anthony (Tony) James Quinlan sold 4,465 shares of the business’s stock in a transaction that occurred on Thursday, April 6th. The stock was sold at an average price of GBX 142 ($1.82), for a total value of £6,340.30 ($8,105.73). In the last 90 days, insiders have purchased 87,055 shares of company stock valued at $15,625,955.
Laird PLC Company Profile
Laird PLC is engaged in providing engineering solutions that protect electronics from electromagnetic interference and heat, and enable connectivity in mission-critical wireless applications. The Company operates through two segments: Performance Materials and Wireless Systems. The Performance Materials segment designs a range of electro-magnetic interference shielding materials, thermal management solutions, and signal integrity products to a range of electronic devices and prototypes.
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