Focusrite (LON:TUNE) Receives Buy Rating from Berenberg Bank

Focusrite (LON:TUNE)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a report released on Friday, Digital Look reports. They currently have a GBX 410 ($5.41) target price on the stock. Berenberg Bank’s target price points to a potential upside of 37.24% from the company’s previous close.

Focusrite Stock Up 0.4 %

LON TUNE traded up GBX 1.26 ($0.02) on Friday, hitting GBX 298.76 ($3.94). 71,944 shares of the company were exchanged, compared to its average volume of 85,364. Focusrite has a 12 month low of GBX 245 ($3.23) and a 12 month high of GBX 610 ($8.04). The company has a current ratio of 1.53, a quick ratio of 0.77 and a debt-to-equity ratio of 30.62. The company has a market cap of £175.04 million, a PE ratio of 1,493.78, a PEG ratio of 2.95 and a beta of 1.12. The stock has a fifty day moving average of GBX 373.96 and a 200-day moving average of GBX 376.36.

Focusrite Company Profile

Focusrite plc develops and markets hardware and software products primarily for audio professionals and amateur musicians in North America, Europe, the Middle East, Africa, and internationally. It operates through Focusrite, Novation, ADAM Audio, Martin Audio, Sonnox, and Sequential segments. The company provides audio interface and other products for musicians under the Focusrite and Focusrite Pro brands; and products that are used in the creation of electronic music using synthesizers, grooveboxes, keyboard and pad controllers, MIDI controllers, and software and apps under the Novation and Ampify brands.