Filtronic’s (FTC) Buy Rating Reiterated at Berenberg Bank

Filtronic (LON:FTC)‘s stock had its “buy” rating reiterated by Berenberg Bank in a note issued to investors on Friday,London Stock Exchange reports. They presently have a GBX 213 price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 17.68% from the company’s previous close.

Filtronic Stock Performance

Shares of LON FTC opened at GBX 181 on Friday. Filtronic has a 1 year low of GBX 72 and a 1 year high of GBX 209. The firm has a market cap of £398.10 million, a P/E ratio of 43.61 and a beta of 0.69. The stock has a fifty day moving average price of GBX 190.31 and a two-hundred day moving average price of GBX 158.36. The company has a debt-to-equity ratio of 16.02, a quick ratio of 2.13 and a current ratio of 2.23.

Filtronic (LON:FTC) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported GBX 1.20 EPS for the quarter. Filtronic had a return on equity of 26.93% and a net margin of 17.80%. Research analysts forecast that Filtronic will post 3.0730129 EPS for the current fiscal year.

Filtronic Company Profile

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.