Reaffirmed: Pace PLC (LON:PIC) “Overweight” Rating Reaffirmed by research analysts Barclays Capital; GBX 475.00 Target in Place

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Pace PLC (LON:PIC) Rating Reaffirmed

Recently, In an analyst research report revealed to investors and clients on Monday morning, Pace PLC (LON:PIC) shares have had their “Overweight” Rating has decided to reaffirm by investment analysts at Barclays Capital, who currently has a GBX 475.00 target price per share on company. This target by Barclays Capital would possibly suggest the possibile upside of 11.24% from the last stock price.

From a total of 8 analysts covering Pace PLC (LON:PIC) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is GBX 7.74 while the lowest target price is GBX 5.6. The mean of all analyst targets is GBX 6.85 with a 8.55% above today’s (GBX 427) stock price. Pace PLC was the topic of 16 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. BNP Paribas maintained shares on December 11 with “Outperform” rating. Liberum Capital maintained shares with “Buy” rating and GBX 412 target share price in a report from an October 29. Liberum Capital maintained PIC stock in a recent report from December 2 with “Buy” rating.

The stock decreased 0.86% or GBX 3.7 on December 11, striking GBX 427. Approximately 326,296 shares of stock traded hands. Pace plc (LON:PIC) has risen 3.07% since May 15, 2015 and is uptrending. It has outperformed by 7.48% the S&P500.

Reaffirmed: Pace PLC (LON:PIC)

Pace Plc is a United Kingdom-based company engaged in the provision of technology solutions for the Pay television and broadband industries. The company has a market cap of 1.38 billion GBP. The Firm offers solutions to cable, Telco and satellite operators. It has 11.78 P/E ratio. The Company’s offerings include Pay television hardware, set-up boxes, media servers and advanced Telco gateways, among others.

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