Laird (LON:LRD) was upgraded by analysts at Stifel Nicolaus to a “buy” rating in a report released on Thursday. The firm currently has a GBX 135 ($1.89) price objective on the stock, down from their prior price objective of GBX 160 ($2.24). Stifel Nicolaus’ price target would suggest a potential upside of 16.18% from the company’s previous close.
Several other research firms have also issued reports on LRD. JPMorgan Chase & Co. raised their price objective on Laird from GBX 170 ($2.38) to GBX 180 ($2.52) and gave the company an “overweight” rating in a research note on Monday, October 30th. Numis Securities raised their price objective on Laird from GBX 165 ($2.31) to GBX 180 ($2.52) and gave the company an “add” rating in a research note on Friday, October 27th. Finally, Barclays raised their price target on Laird from GBX 143 ($2.01) to GBX 145 ($2.03) and gave the stock an “equal weight” rating in a research note on Monday, December 18th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of GBX 165 ($2.31).
Shares of Laird (LRD) opened at GBX 116.20 ($1.63) on Thursday. The stock has a market capitalization of $568.12 and a P/E ratio of -400.69. Laird has a one year low of GBX 113.99 ($1.60) and a one year high of GBX 165 ($2.31).
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Laird PLC is engaged in providing engineering solutions that protect electronics from electromagnetic interference and heat, and enable connectivity in mission-critical wireless applications. The Company operates through two segments: Performance Materials and Wireless Systems. The Performance Materials segment designs a range of electro-magnetic interference shielding materials, thermal management solutions, and signal integrity products to a range of electronic devices and prototypes.
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