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

Filtronic (LON:FTC)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a research report issued on Tuesday, Marketbeat.com reports. They currently have a GBX 213 price objective on the stock. Berenberg Bank’s target price points to a potential upside of 15.60% from the stock’s current price.

Filtronic Stock Performance

Shares of FTC stock opened at GBX 184.26 on Tuesday. The business’s 50-day moving average price is GBX 162.64 and its 200-day moving average price is GBX 145.79. Filtronic has a 12 month low of GBX 72 and a 12 month high of GBX 197. The company has a current ratio of 2.08, a quick ratio of 2.13 and a debt-to-equity ratio of 20.36. The firm has a market capitalization of £405.27 million, a price-to-earnings ratio of 30.46 and a beta of 0.87.

Filtronic (LON:FTC) last posted its earnings results on Tuesday, February 3rd. The company reported GBX 1.20 EPS for the quarter. Filtronic had a net margin of 12.35% and a return on equity of 24.34%. Equities research analysts forecast that Filtronic will post 3.0730129 EPS for the current year.

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.