Pace (LON:PIC) Rating Reaffirmed
In a very recent research note distributed to Clients this morning, Canaccord Genuity reconfirmed their “Buy” rating on Pace (LON:PIC) shares. The target price would suggest a possible upside of 3.51% from company’s closing share 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 7.69 while the lowest target price is GBX 5.56. The mean of all analyst targets is GBX 6.81 with a 4.75% above today’s (GBX 442.5) stock price. Pace PLC was the topic of 13 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Liberum Capital maintained shares on December 2 with “Buy” rating. Liberum Capital maintained shares with “Buy” rating and GBX 412 target share price in a report from an October 29. Barclays Capital maintained PIC stock in a recent report from October 12 with “Overweight” rating.
Approximately 1.24 million shares of stock traded hands or 159.93% up from the average. Pace plc (LON:PIC) has risen 6.07% since May 6, 2015 and is uptrending. It has outperformed by 6.36% the S&P500.
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 1.43 billion GBP. The Firm offers solutions to cable, Telco and satellite operators. It has 12.04 P/E ratio. The Company’s offerings include Pay television hardware, set-up boxes, media servers and advanced Telco gateways, among others.