Research analysts at Jefferies Group upped their target price on shares of Pace plc (LON: PIC) from $3.46 (230 GBX) to $3.95 (263 GBX) in a report released on Tuesday. The firm currently has a “buy” rating on the stock.
Pace plc opened at 230.30 on Tuesday. Pace plc has a 1-year low of GBX 68.00 and a 1-year high of GBX 242.00. The stock’s 50-day moving average is currently GBX 166.7. The company’s market cap is £684.7 million.
A number of other firms have also recently commented on PIC. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Pace plc in a research note to investors on Thursday, February 28th. They now have a $3.49 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Pace plc from $3.53 to $3.91 in a research note to investors on Tuesday, February 26th. They now have a “buy” rating on the stock. Finally, analysts at downgraded shares of Pace plc to a “neutral” rating in a research note to investors on Tuesday, January 29th. They now have a $3.61 price target on the stock.
Pace plc is engaged in the development, design and distribution of technologies and products for managed subscription television, telephony and broadband services and the provision of engineering design, and software applications to its set-top boxes (STB) and gateway customers.
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