Filtronic (LON:FTC) Earns “Buy” Rating from Berenberg Bank

Filtronic (LON:FTC)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a report issued on Tuesday,London Stock Exchange reports. They presently have a GBX 440 price target on the stock. Berenberg Bank’s price target indicates a potential upside of 93.41% from the stock’s previous close.

Filtronic Stock Down 9.4%

Shares of LON:FTC opened at GBX 227.50 on Tuesday. Filtronic has a fifty-two week low of GBX 114 and a fifty-two week high of GBX 480. The firm’s 50 day moving average price is GBX 301.99 and its 200 day moving average price is GBX 257.88. The company has a quick ratio of 2.13, a current ratio of 2.23 and a debt-to-equity ratio of 16.02. The stock has a market cap of £500.37 million, a price-to-earnings ratio of 54.82 and a beta of 1.03.

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.