Filtronic (LON:FTC) Receives "Buy" Rating from Berenberg Bank

Key Points

• Berenberg Bank reiterated a “Buy” rating on Filtronic with a price target of GBX 213, implying roughly a 17.7% upside from the current share price.
• Shares opened at GBX 181 (down about 1.1%), the company has a market cap of £398.1m and a P/E of 43.6, and the stock sits between its 1‑year low of GBX 72 and high of GBX 209 while trading near its 50‑day (GBX 190.31) and 200‑day (GBX 158.36) moving averages.
• Filtronic reported quarterly EPS of GBX 1.20, with a return on equity of 26.93% and a net margin of 17.8%, and analysts forecast roughly 3.07 EPS for the current year.

Filtronic (LON:FTC - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Berenberg Bank in a research report issued to clients and investors on Friday,London Stock Exchange reports. They presently have a GBX 213 price objective on the stock. Berenberg Bank's target price would indicate a potential upside of 17.68% from the stock's current price.

Filtronic Trading Down 1.1%

Shares of FTC stock opened at GBX 181 on Friday. 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 has a 1 year low of GBX 72 and a 1 year high of GBX 209. The stock has a fifty day moving average of GBX 190.31 and a two-hundred day moving average of GBX 158.36. The firm has a market capitalization of £398.10 million, a PE ratio of 43.61 and a beta of 0.69.

Filtronic (LON:FTC - Get Free Report) last issued its quarterly earnings results 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%. As a group, research analysts expect that Filtronic will post 3.0730129 EPS for the current year.

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.

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