Filtronic (LON:FTC) Earns Buy Rating from Berenberg Bank

Filtronic (LON:FTC)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday, MarketBeat reports. They currently have a GBX 196 price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 49.33% from the stock’s current price.

Filtronic Price Performance

Shares of LON FTC traded up GBX 0.26 during midday trading on Wednesday, reaching GBX 131.26. The stock had a trading volume of 399,594 shares, compared to its average volume of 1,541,961. Filtronic has a 12-month low of GBX 67.50 and a 12-month high of GBX 175. The company has a debt-to-equity ratio of 20.36, a quick ratio of 2.13 and a current ratio of 2.08. The company has a market capitalization of £288.45 million, a price-to-earnings ratio of 21.70 and a beta of 0.87. The stock has a 50-day moving average of GBX 132.93 and a 200-day moving average of GBX 137.14.

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.