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

Key Points

• Berenberg Bank reaffirmed its “Buy” rating on Filtronic and maintained a GBX 440 price target, implying 100% upside from the stock’s GBX 220 opening price.
• Filtronic reported quarterly earnings of GBX 2.07 per share, while analysts expect full-year EPS of GBX 3.07. The company has a market capitalization of approximately £483.9 million and trades at a P/E ratio of 123.6.
• Insider Nat Edington sold 2.1 million shares at GBX 250 each for £5.25 million; corporate insiders own 3.03% of Filtronic.

Filtronic (LON:FTC - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Berenberg Bank in a research report issued on Friday, Digital Look reports. They presently have a GBX 440 target price on the stock. Berenberg Bank's price objective would indicate a potential upside of 100.00% from the stock's current price.

Filtronic Price Performance

Shares of Filtronic stock opened at GBX 220 on Friday. The company has a debt-to-equity ratio of 13.80, a current ratio of 1.89 and a quick ratio of 2.13. Filtronic has a one year low of GBX 125 and a one year high of GBX 480. The business's 50 day simple moving average is GBX 251.75 and its two-hundred day simple moving average is GBX 254.89. The stock has a market capitalization of £483.87 million, a P/E ratio of 123.60 and a beta of 1.02.

Filtronic (LON:FTC - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported GBX 2.07 earnings per share for the quarter. Filtronic had a return on equity of 11.47% and a net margin of 8.21%. Analysts forecast that Filtronic will post 3.07 EPS for the current year.

Insider Buying and Selling

In other Filtronic news, insider Nat Edington sold 2,100,000 shares of the stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of GBX 250, for a total transaction of £5,250,000. 3.03% of the stock is owned by corporate insiders.

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.

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