Telit Communications (TCM) Price Target Lowered to GBX 170 at Royal Bank of Canada
Telit Communications (LON:TCM) had its price target lowered by research analysts at Royal Bank of Canada from GBX 180 ($2.42) to GBX 170 ($2.29) in a report released on Monday. The firm currently has a “sector performer” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 9.50% from the company’s previous close.
Shares of Telit Communications (LON:TCM) opened at GBX 155.25 ($2.09) on Monday. Telit Communications has a 1-year low of GBX 100.25 ($1.35) and a 1-year high of GBX 379 ($5.10).
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Telit Communications PLC (Telit) is a United Kingdom-based enabler of machine-to-machine (M2M) communications providing cellular, short range and positioning modules via its brand Telit Wireless Solutions. The Company develops and markets cellular, global navigation satellite system (GNSS), short-to-long range wireless modules plus mobile connectivity services and application enablement platform to onboard edge devices to the Internet of Things (IoT).
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