Telit Communications Plc’s (TCM) “Buy” Rating Reiterated at Peel Hunt
Peel Hunt reiterated their buy rating on shares of Telit Communications Plc (LON:TCM) in a research note published on Thursday morning. Peel Hunt currently has a GBX 320 ($4.00) target price on the stock.
A number of other research firms also recently weighed in on TCM. Canaccord Genuity lifted their price target on shares of Telit Communications Plc from GBX 310 ($3.87) to GBX 325 ($4.06) and gave the company a buy rating in a research report on Tuesday, November 8th. Royal Bank Of Canada began coverage on shares of Telit Communications Plc in a research report on Friday, September 23rd. They issued an outperform rating and a GBX 325 ($4.06) price target for the company.
Telit Communications Plc (LON:TCM) opened at 260.375 on Thursday. Telit Communications Plc has a 12 month low of GBX 167.75 and a 12 month high of GBX 284.75. The company’s market capitalization is GBX 299.01 million. The firm has a 50-day moving average price of GBX 264.60 and a 200-day moving average price of GBX 241.53.
In other news, insider Cats,Oozi acquired 100,000 shares of the stock in a transaction on Monday, September 12th. The stock was acquired at an average cost of GBX 229 ($2.86) per share, for a total transaction of £229,000 ($286,106.95).
About Telit Communications Plc
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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