Filtronic (LON:FTC) Stock Rating Reaffirmed as Buy by Berenberg Bank

Filtronic (LON:FTC)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a research report issued on Friday, Digital Look reports. They presently have a GBX 440 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 45.91% from the stock’s previous close.

Filtronic Trading Up 11.3%

Shares of Filtronic stock traded up GBX 30.55 during mid-day trading on Friday, hitting GBX 301.55. 6,041,288 shares of the stock were exchanged, compared to its average volume of 2,695,441. Filtronic has a twelve month low of GBX 125 and a twelve month high of GBX 480. The company has a 50-day simple moving average of GBX 243.18 and a 200 day simple moving average of GBX 273.67. The stock has a market capitalization of £985.53 million, a price-to-earnings ratio of 169.41 and a beta of 1.02. The company has a current ratio of 1.89, a quick ratio of 2.13 and a debt-to-equity ratio of 13.80.

Filtronic (LON:FTC) last released its quarterly earnings data 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%. Research analysts forecast 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.