Berenberg Bank Reaffirms Buy Rating for Filtronic (LON:FTC)

Filtronic (LON:FTC)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a report issued on Tuesday, Marketbeat Ratings reports. They currently have a GBX 213 price objective on the stock. Berenberg Bank’s price target would suggest a potential upside of 15.60% from the company’s current price.

Filtronic Price Performance

Filtronic stock opened at GBX 184.26 on Tuesday. The company has a market capitalization of £405.27 million, a price-to-earnings ratio of 30.46 and a beta of 0.87. The company has a current ratio of 2.08, a quick ratio of 2.13 and a debt-to-equity ratio of 20.36. Filtronic has a 12 month low of GBX 72 and a 12 month high of GBX 197. The stock’s 50 day moving average is GBX 162.64 and its 200-day moving average is GBX 145.79.

Filtronic (LON:FTC) last released its quarterly earnings results on Tuesday, February 3rd. The company reported GBX 1.20 earnings per share for the quarter. Filtronic had a return on equity of 24.34% and a net margin of 12.35%. Equities research analysts expect that Filtronic will post 3.0730129 EPS for the current year.

About Filtronic

For leading global telecommunications, space, aerospace, and defence organisations, Filtronic provides the design and manufacturing of complex high-frequency, communication solutions. In today’s data-driven world, Filtronic excels in transmitting vast amounts of analog data quickly and accurately over long distances. Our advanced solutions enhance connectivity, optimise bandwidth, and minimise latency. As pioneers in high-frequency mmWave technology, we tackle the toughest challenges in the market, which is why global tech leaders choose Filtronic for unmatched expertise and innovative solutions.