Laird PLC (LON:LRD) Investors: Berenberg Keeps Sell Rating, Sees GBX 230.00/Share

Laird PLC (LON:LRD) Rating

Stock analysts at Berenberg have GBX 230.00 target on Laird PLC (LON:LRD). Berenberg’s target suggests a potential downside of -26.74% from the company’s previous stock close. The rating was released in an analyst report on 29 September.

Out of 9 analysts covering Laird (LON:LRD), 6 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 67% are positive. GBX 440 is the highest target while GBX 230 is the lowest. The GBX 365.22 average target is 16.60% above today’s (GBX 313.22) stock price. Laird has been the topic of 42 analyst reports since October 1, 2015 according to StockzIntelligence Inc. Berenberg maintained the stock on September 29 with “Sell” rating. Liberum Capital maintained it with “Hold” rating and GBX 350 target price in a March 10 report. JP Morgan maintained the shares of LRD in a report on August 18 with “Overweight” rating. Cenkos upgraded the firm’s rating on February 18. Cenkos has “Buy” rating and GBX 402 price target. Lastly, Numis Securities maintained the stock with “Buy” rating in a July 29 report.

About 88,384 shares traded hands. Laird PLC (LON:LRD) has declined 6.82% since February 29, 2016 and is downtrending. It has underperformed by 18.08% the S&P500.

Laird PLC is a United Kingdom-based global technology firm focused on providing systems, components and solutions that protects electronics from electromagnetic interference and heat, and that enable connectivity in various wireless applications and antenna systems. The company has a market cap of 850.12 million GBP. The Firm operated through two divisions: Wireless Systems and Performance Materials. It currently has negative earnings. The Wireless Systems segment designs, makes and supplies products that enable connectivity and remote smart systems for use in specialized industrial applications.

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