Focusrite PLC (LON:TUNE)‘s stock had its “buy” rating restated by analysts at Panmure Gordon in a research report issued on Tuesday. They presently have a GBX 223 ($2.79) price objective on the stock. Panmure Gordon’s price target points to a potential upside of 24.23% from the company’s current price.

Focusrite PLC (LON:TUNE) opened at 180.60 on Tuesday. The company’s 50-day moving average is GBX 166.90 and its 200 day moving average is GBX 157.04. Focusrite PLC has a 12 month low of GBX 136.00 and a 12 month high of GBX 195.00. The firm’s market cap is GBX 96.53 million.

The business also recently announced a dividend, which will be paid on Wednesday, January 18th. Shareholders of record on Thursday, December 1st will be paid a dividend of GBX 1.30 ($0.02) per share. This is a boost from Focusrite PLC’s previous dividend of $0.65. The ex-dividend date is Thursday, December 1st. This represents a yield of 0.71%.

In other Focusrite PLC news, insider David Rollins Froker sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of GBX 175 ($2.19), for a total transaction of £262,500 ($327,961.02).

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Focusrite PLC Company Profile

Focusrite Plc is a United Kingdom-based company engaged in the development, manufacture and marketing of professional audio and electronic music products. The Company’s segments are Focusrite, which includes sales of Focusrite branded products; Novation, which includes sales of Novation branded products, and Distribution, which is engaged in the distribution of third-party brands, including KRK speakers, Ableton, Stanton, Cerwin Vega and Cakewalk.

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