It May Be Time to Buy Shares of De La Rue (LON:DLAR) as Numis Has Upgraded The Stock


De La Rue (LON:DLAR) Stock Upgrade

Numis has hiked shares of De La Rue (LON:DLAR) to a Add and at this point in time has a GBX 530 target price per share on the stock. This was revealed in an analyst note earlier today. Numis’s target price per share gives a possible upside of 18.57%.

From a total of 4 analysts covering De La Rue PLC (LON:DLAR) stock, 1 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 20% of the ratings are positive. The highest target price is GBX 530 while the lowest target price is GBX 490. The mean of all analyst targets is GBX 510 with a 4.68% above today’s (GBX 496.75) stock price. De La Rue PLC was the topic of 8 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Numis Securities upgraded shares on December 1 to “Add” rating. JP Morgan maintained shares with “Neutral” rating and GBX 500 target share price in a report from a November 25. Investec maintained DLAR stock in a recent report from November 24 with “Buy” rating.

Approximately 486,255 shares of stock traded hands or 268.42% up from the average. De La Rue plc (LON:DLAR) has declined 15.97% since May 5, 2015 and is downtrending. It has underperformed by 15.77% the S&P500.

 It May Be Time to Buy Shares of De La Rue (LON:DLAR) as Numis Has Upgraded The Stock

De La Rue plc is a United Kingdom-based commercial banknote printer, security paper maker and well-known provider of security products and software solutions. The company has a market cap of 503.27 million GBP. The Firm has four divisions: Currency, Identity Systems, Security Products and Cash Processing Solutions. It has 12.81 P/E ratio. The Company’s Currency segment provides printed banknotes, banknote paper and polymer substrates and banknote security components.