Telit Communications Plc (TCM) Rating Reiterated by Peel Hunt
Telit Communications Plc (LON:TCM)‘s stock had its “buy” rating reissued by analysts at Peel Hunt in a report released on Friday. They currently have a GBX 320 ($3.90) price objective on the stock. Peel Hunt’s price target would indicate a potential upside of 21.67% from the company’s current price.
Several other equities analysts have also weighed in on the stock. Royal Bank Of Canada assumed coverage on shares of Telit Communications Plc in a research report on Friday, September 23rd. They issued an “outperform” rating and a GBX 325 ($3.96) price objective on the stock. Canaccord Genuity raised their price target on shares of Telit Communications Plc from GBX 280 ($3.41) to GBX 310 ($3.78) and gave the stock a ” buy” rating in a research report on Thursday, August 18th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Telit Communications Plc presently has a consensus rating of “Buy” and an average price target of GBX 301.25 ($3.67).
Telit Communications Plc (LON:TCM) opened at 263.50 on Friday. The firm has a 50 day moving average of GBX 255.54 and a 200-day moving average of GBX 234.19. The company’s market capitalization is GBX 302.60 million. Telit Communications Plc has a 52 week low of GBX 167.75 and a 52 week high of GBX 304.25.
In other Telit Communications Plc news, insider Fait ,Yosi sold 140,152 shares of the stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of GBX 265 ($3.23), for a total transaction of £371,402.80 ($452,654.24). Also, insider Cats,Oozi acquired 100,000 shares of Telit Communications Plc stock in a transaction on Monday, September 12th. The shares were purchased at an average price of GBX 229 ($2.79) per share, for a total transaction of £229,000 ($279,098.11).
Telit Communications Plc Company Profile
Telit Communications PLC (Telit) is a United Kingdom-based enabler of machine-to-machine (M2M) communications providing cellular, short range and positioning modules via its brand Telit Wireless Solutions. The Company develops and markets cellular, global navigation satellite system (GNSS), short-to-long range wireless modules plus mobile connectivity services and application enablement platform to onboard edge devices to the Internet of Things (IoT).
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