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

Filtronic (LON:FTC)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a report issued on Friday, October 2nd, Digital Look reports. They presently have a GBX 440 price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 37.07% from the company’s previous close.

Filtronic Stock Performance

Shares of LON FTC traded down GBX 5 during trading hours on Friday, reaching GBX 321. The stock had a trading volume of 1,144,580 shares, compared to its average volume of 2,675,655. The business’s fifty day moving average is GBX 247.51 and its two-hundred day moving average is GBX 276.84. The company has a debt-to-equity ratio of 13.80, a current ratio of 1.89 and a quick ratio of 2.13. The company has a market cap of £706.02 million, a price-to-earnings ratio of 180.34 and a beta of 1.02. Filtronic has a twelve month low of GBX 125 and a twelve month high of GBX 480.

Filtronic (LON:FTC) last issued its earnings results on Tuesday, August 4th. The company reported GBX 2.07 EPS for the quarter. Filtronic had a return on equity of 11.47% and a net margin of 8.21%. As a group, research analysts expect that Filtronic will post 3.0730129 EPS for the current year.

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. 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.