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

Filtronic (LON:FTC)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research note issued to investors on Friday, Digital Look reports. They presently have a GBX 440 target price on the stock. Berenberg Bank’s target price would suggest a potential upside of 33.37% from the company’s current price.

Filtronic Stock Performance

Filtronic stock traded up GBX 22.90 during trading hours on Friday, reaching GBX 329.90. 4,034,804 shares of the company were exchanged, compared to its average volume of 2,685,481. Filtronic has a 12 month low of GBX 125 and a 12 month high of GBX 480. The company has a current ratio of 1.89, a quick ratio of 2.13 and a debt-to-equity ratio of 13.80. The stock has a 50-day moving average of GBX 245.69 and a 200 day moving average of GBX 275.67. The firm has a market cap of £725.59 million, a price-to-earnings ratio of 185.34 and a beta of 1.02.

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