Laird (LON:LRD) was upgraded by equities research analysts at Stifel Nicolaus to a “buy” rating in a research report issued to clients and investors on Thursday. The brokerage presently has a GBX 135 ($1.89) price objective on the stock, down from their previous price objective of GBX 160 ($2.24). Stifel Nicolaus’ target price would indicate a potential upside of 16.18% from the stock’s previous close.
LRD has been the subject of a number of other research reports. Barclays lifted their target price on shares of Laird from GBX 143 ($2.01) to GBX 145 ($2.03) and gave the company an “equal weight” rating in a research note on Monday, December 18th. Numis Securities lifted their target price on shares of Laird from GBX 165 ($2.31) to GBX 180 ($2.52) and gave the company an “add” rating in a research note on Friday, October 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Laird from GBX 170 ($2.38) to GBX 180 ($2.52) and gave the company an “overweight” rating in a research note on Monday, October 30th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of GBX 165 ($2.31).
Laird (LON LRD) traded down GBX 1.10 ($0.02) during midday trading on Thursday, reaching GBX 116.20 ($1.63). The company’s stock had a trading volume of 866,847 shares, compared to its average volume of 1,160,000. The firm has a market capitalization of $568.12 and a P/E ratio of -400.69. Laird has a 12 month low of GBX 113.99 ($1.60) and a 12 month high of GBX 165 ($2.31).
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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