Filtronic’s (FTC) Buy Rating Reaffirmed at Berenberg Bank

Filtronic (LON:FTC)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a research note issued to investors on Wednesday, MarketBeat.com reports. They currently have a GBX 196 target price on the stock. Berenberg Bank’s target price points to a potential upside of 49.33% from the company’s previous close.

Filtronic Stock Up 0.2%

Shares of FTC traded up GBX 0.26 during mid-day trading on Wednesday, hitting GBX 131.26. 399,594 shares of the company’s stock were exchanged, compared to its average volume of 1,541,961. The company has a market cap of £288.45 million, a PE ratio of 21.70 and a beta of 0.87. Filtronic has a 52 week low of GBX 67.50 and a 52 week high of GBX 175. The company has a 50-day simple moving average of GBX 132.93 and a 200 day simple moving average of GBX 137.14. The company has a debt-to-equity ratio of 20.36, a current ratio of 2.08 and a quick ratio of 2.13.

Filtronic Company Profile

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.