Premier Farnell plc (LON:PFL) Receives Consensus Recommendation of “Hold” from Brokerages
Premier Farnell plc (LON:PFL) has earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 144 ($1.88).
Several analysts have recently commented on the company. Shore Capital reissued a “hold” rating on shares of Premier Farnell plc in a research note on Tuesday, June 14th. Peel Hunt downgraded Premier Farnell plc to a “hold” rating and increased their price objective for the stock from GBX 135 ($1.76) to GBX 165 ($2.15) in a research note on Tuesday, June 14th. Credit Suisse Group AG reissued a “neutral” rating and issued a GBX 165 ($2.15) price objective on shares of Premier Farnell plc in a research note on Wednesday, June 29th. Finally, Numis Securities Ltd reissued an “under review” rating on shares of Premier Farnell plc in a research note on Wednesday, June 15th.
Premier Farnell plc (LON:PFL) traded up 0.14% during mid-day trading on Monday, reaching GBX 183.50. The company had a trading volume of 3,285,261 shares. Premier Farnell plc has a 12-month low of GBX 87.75 and a 12-month high of GBX 197.75. The company’s market capitalization is GBX 675.23 million. The stock has a 50-day moving average of GBX 187.26 and a 200 day moving average of GBX 146.65.
Premier Farnell plc Company Profile
Premier Farnell plc is a United Kingdom-based technology company. The Company is engaged in the marketing and distribution of products and services in the time-critical and electronic components distribution sector. The Company operates through four business segments: Marketing and Distribution Division (MDD), consisting of the Americas, Europe and Asia Pacific, and Other Distribution Businesses, and the Industrial Products Division (IPD).
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