Berenberg Bank Reiterates “Sell” Rating for Laird PLC (LRD)
Laird PLC (LON:LRD)‘s stock had its “sell” rating reaffirmed by research analysts at Berenberg Bank in a research note issued to investors on Thursday. They currently have a GBX 230 ($3.00) price target on the stock. Berenberg Bank’s price objective suggests a potential downside of 27.51% from the company’s current price.
Several other brokerages have also issued reports on LRD. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 400 ($5.22) target price on shares of Laird PLC in a research note on Friday, July 29th. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 350 ($4.57) target price on shares of Laird PLC in a research note on Monday, July 18th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 370 ($4.83) target price on shares of Laird PLC in a research note on Thursday, August 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Laird PLC currently has an average rating of “Hold” and an average target price of GBX 358.86 ($4.68).
Laird PLC (LON:LRD) opened at 318.40 on Thursday. The company’s market cap is GBX 860.00 million. The company has a 50-day moving average of GBX 310.80 and a 200-day moving average of GBX 332.48. Laird PLC has a one year low of GBX 272.00 and a one year high of GBX 385.90.
The business also recently disclosed a dividend, which will be paid on Friday, December 2nd. Shareholders of record on Thursday, November 3rd will be given a GBX 4.53 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, November 3rd. This represents a yield of 1.53%.
In related news, insider Rachou,Nathalie acquired 5,000 shares of the stock in a transaction on Monday, August 1st. The stock was purchased at an average price of GBX 293 ($3.82) per share, for a total transaction of £14,650 ($19,122.83). Also, insider Wiklund,Kjersti acquired 400 shares of the stock in a transaction on Thursday, August 4th. The stock was bought at an average price of GBX 316 ($4.12) per share, with a total value of £1,264 ($1,649.92).
Laird PLC Company Profile
Laird PLC is a United Kingdom-based global technology company focused on providing systems, components and solutions that protects electronics from electromagnetic interference and heat, and that enable connectivity in various wireless applications and antenna systems. The Company operated through two segments: Wireless Systems and Performance Materials.
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