Investec cut shares of Anite (LON: AIE) from a buy rating to a hold rating in a research report sent to investors on Monday morning. The firm currently has $2.34 (157 GBX) price target on the stock.

Several other analysts have also recently commented on the stock. Analysts at Panmure Gordon reiterated a buy rating on shares of Anite in a research note to investors on Monday. They now have a $2.54 price target on the stock. Separately, analysts at Investec Securities downgraded shares of Anite to a hold rating in a research note to investors on Monday. They now have a $2.34 price target on the stock. Finally, analysts at Northland Capital reiterated a buy rating on shares of Anite in a research note to investors on Monday. They now have a $2.49 price target on the stock.

Shares of Anite traded down 3.29% during mid-day trading on Monday, hitting GBX 130.46. Anite has a 52 week low of GBX 105.25 and a 52 week high of GBX 163.00. The stock’s 50-day moving average is currently GBX 128.8. The company’s market cap is £370.5 million.

Anite plc (Anite) is a worldwide provider of information technology solutions, software, systems integration and managed services within its core markets of wireless and travel.

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