Laird PLC (LRD) Given “not rated” Rating at Numis Securities Ltd
Laird PLC (LON:LRD)‘s stock had its “not rated” rating reiterated by equities researchers at Numis Securities Ltd in a research report issued to clients and investors on Wednesday. They currently have a GBX 309 ($3.77) target price on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 0.16% from the company’s current price.
Several other brokerages have also weighed in on LRD. Barclays PLC reiterated an “equal weight” rating and issued a GBX 350 ($4.27) price objective on shares of Laird PLC in a research report on Monday, August 1st. JPMorgan Chase & Co. lowered their price objective on Laird PLC from GBX 410 ($5.00) to GBX 380 ($4.63) and set an “overweight” rating for the company in a research report on Friday, July 8th. Finally, Berenberg Bank initiated coverage on Laird PLC in a research report on Thursday, August 18th. They issued a “sell” rating and a GBX 230 ($2.80) price objective for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 345.86 ($4.22).
Shares of Laird PLC (LON:LRD) traded down 46.84% on Wednesday, reaching GBX 164.00. The company had a trading volume of 18,956,790 shares. The firm’s market capitalization is GBX 442.96 million. Laird PLC has a 12 month low of GBX 153.10 and a 12 month high of GBX 384.90. The firm’s 50 day moving average is GBX 312.73 and its 200 day moving average is GBX 327.48.
The business also recently disclosed a dividend, which will be paid on Friday, December 2nd. Stockholders of record on Thursday, November 3rd will be paid a GBX 4.53 ($0.06) dividend. This represents a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, November 3rd.
In related news, insider Rachou,Nathalie acquired 5,000 shares of Laird PLC stock in a transaction dated Monday, August 1st. The shares were acquired at an average cost of GBX 293 ($3.57) per share, for a total transaction of £14,650 ($17,854.97). Also, insider Wiklund,Kjersti acquired 400 shares of Laird PLC stock in a transaction dated Thursday, August 4th. The stock was bought at an average price of GBX 316 ($3.85) per share, for a total transaction of £1,264 ($1,540.52).
Laird PLC Company Profile
Laird PLC is a United Kingdom-based global technology company focused on providing systems, components and solutions that protects electronics from electromagnetic interference and heat, and that enable connectivity in various wireless applications and antenna systems. The Company operated through two segments: Wireless Systems and Performance Materials.
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