Filtronic’s (FTC) “Buy” Rating Reiterated at Berenberg Bank

Filtronic (LON:FTC)‘s stock had its “buy” rating reiterated by Berenberg Bank in a research note issued to investors on Friday, Digital Look reports. They currently have a GBX 440 price objective on the stock. Berenberg Bank’s price target points to a potential upside of 64.32% from the company’s current price.

Filtronic Stock Performance

Shares of FTC stock traded up GBX 10.77 during trading hours on Friday, reaching GBX 267.77. 2,027,244 shares of the company traded hands, compared to its average volume of 2,687,781. Filtronic has a 12-month low of GBX 117.90 and a 12-month high of GBX 480. 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 cap of £875.14 million, a P/E ratio of 150.43 and a beta of 1.02. The firm has a 50-day moving average price of GBX 243.06 and a 200 day moving average price of GBX 272.45.

Filtronic (LON:FTC) last announced its quarterly earnings data on Tuesday, August 4th. The company reported GBX 2.07 earnings per share (EPS) for the quarter. Filtronic had a return on equity of 11.47% and a net margin of 8.21%. As a group, sell-side analysts predict that Filtronic will post 3.0730129 earnings per share for the current fiscal year.

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.