Focusrite (LON:TUNE) Given “Buy” Rating at Berenberg Bank

Focusrite (LON:TUNE)‘s stock had its “buy” rating reiterated by stock analysts at Berenberg Bank in a report issued on Wednesday,Digital Look reports. They presently have a GBX 355 price target on the stock. Berenberg Bank’s target price would suggest a potential upside of 59.97% from the stock’s current price.

Focusrite Stock Performance

Shares of Focusrite stock traded down GBX 13.09 during midday trading on Wednesday, hitting GBX 221.91. The company had a trading volume of 134,033 shares, compared to its average volume of 157,221. The company has a debt-to-equity ratio of 36.98, a current ratio of 1.57 and a quick ratio of 0.77. The stock has a market cap of £130.09 million, a PE ratio of 65.27, a P/E/G ratio of 2.95 and a beta of 1.04. The business’s 50 day simple moving average is GBX 197.08 and its two-hundred day simple moving average is GBX 175.69. Focusrite has a 1-year low of GBX 130 and a 1-year high of GBX 295.

Focusrite (LON:TUNE) last announced its quarterly earnings data on Tuesday, November 4th. The company reported GBX 17 EPS for the quarter. Focusrite had a net margin of 6.99% and a return on equity of 10.09%. As a group, equities analysts predict that Focusrite will post 17.2473868 EPS for the current fiscal year.

Focusrite Company Profile

Focusrite plc is a global music and audio products group that develops and markets proprietary hardware and software products. Used by audio professionals and amateur musicians alike, our solutions facilitate the high-quality production of recorded and live sound.

We are a rapidly growing group of innovative, market-leading brands, operating across two divisions.

Our Content Creation division is focussed on supporting our customers throughout their music-making journey, by removing barriers to creativity and delivering everything they need to make music.