Filtronic’s (FTC) “Buy” Rating Reaffirmed at Berenberg Bank

Filtronic (LON:FTC)‘s stock had its “buy” rating reissued by Berenberg Bank in a report released on Tuesday,London Stock Exchange reports. They presently have a GBX 440 price target on the stock. Berenberg Bank’s price objective suggests a potential upside of 93.41% from the stock’s current price.

Filtronic Stock Performance

Shares of FTC stock opened at GBX 227.50 on Tuesday. The company has a quick ratio of 2.13, a current ratio of 2.23 and a debt-to-equity ratio of 16.02. Filtronic has a 52 week low of GBX 114 and a 52 week high of GBX 480. The stock has a market capitalization of £500.37 million, a PE ratio of 54.82 and a beta of 1.03. The firm has a 50 day moving average of GBX 301.99 and a two-hundred day moving average of GBX 257.88.

Filtronic Company Profile

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.