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

Filtronic (LON:FTC)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a research note issued on Tuesday, London Stock Exchange reports. They currently have a GBX 440 price target on the stock. Berenberg Bank‘s target price suggests a potential upside of 99.32% from the company’s current price.

Filtronic Price Performance

Filtronic stock opened at GBX 220.75 on Tuesday. 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 company has a market capitalization of £495.09 million, a PE ratio of 124.02 and a beta of 0.97. Filtronic has a 12 month low of GBX 125 and a 12 month high of GBX 480. The stock has a 50-day moving average price of GBX 249.35 and a two-hundred day moving average price of GBX 256.31.

Insider Activity

In related news, insider Nat Edington sold 2,100,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of GBX 250, for a total value of £5,250,000. 3.71% of the stock is owned by corporate insiders.

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.