Berenberg Bank Reaffirms “Buy” Rating for Filtronic (LON:FTC)

Filtronic (LON:FTC)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a research note issued to investors on Tuesday, London Stock Exchange reports. They presently have a GBX 440 price objective on the stock. Berenberg Bank‘s target price indicates a potential upside of 99.32% from the company’s current price.

Filtronic Price Performance

Shares of FTC opened at GBX 220.75 on Tuesday. The business has a 50-day moving average of GBX 249.35 and a 200-day moving average of GBX 256.31. The company has a debt-to-equity ratio of 13.80, a current ratio of 1.89 and a quick ratio of 2.13. The company has a market capitalization of £495.09 million, a price-to-earnings ratio of 124.02 and a beta of 0.97. Filtronic has a 1 year low of GBX 125 and a 1 year high of GBX 480.

Insider Transactions at Filtronic

In other news, insider Nat Edington sold 2,100,000 shares of the business’s stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of GBX 250, for a total value of £5,250,000. Insiders own 3.71% of the company’s stock.

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.