Berenberg Bank Reaffirms “Buy” Rating for Filtronic (LON:FTC)

Filtronic (LON:FTC)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a report released on Tuesday, Marketbeat reports. They currently have a GBX 213 target price on the stock. Berenberg Bank’s price objective indicates a potential upside of 9.57% from the stock’s previous close.

Filtronic Stock Performance

Shares of LON FTC opened at GBX 194.40 on Tuesday. The company has a market capitalization of £427.57 million, a PE ratio of 32.13 and a beta of 0.87. The company has a debt-to-equity ratio of 20.36, a quick ratio of 2.13 and a current ratio of 2.08. The company’s fifty day moving average price is GBX 165.11 and its 200 day moving average price is GBX 146.29. Filtronic has a 1 year low of GBX 72 and a 1 year high of GBX 197.

Filtronic (LON:FTC) last released its quarterly earnings data on Tuesday, February 3rd. The company reported GBX 1.20 earnings per share for the quarter. Filtronic had a net margin of 12.35% and a return on equity of 24.34%. On average, research analysts predict that Filtronic will post 3.0730129 earnings per share for the current year.

About Filtronic

For leading global telecommunications, space, aerospace, and defence organisations, Filtronic provides the design and manufacturing of complex high-frequency, communication solutions. In today’s data-driven world, Filtronic excels in transmitting vast amounts of analog data quickly and accurately over long distances. Our advanced solutions enhance connectivity, optimise bandwidth, and minimise latency. As pioneers in high-frequency mmWave technology, we tackle the toughest challenges in the market, which is why global tech leaders choose Filtronic for unmatched expertise and innovative solutions.