Focusrite’s (TUNE) Buy Rating Reiterated at Berenberg Bank

Focusrite (LON:TUNE)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday, Digital Look reports. They currently have a GBX 355 price target on the stock. Berenberg Bank‘s price objective would suggest a potential upside of 51.87% from the company’s current price.

Focusrite Stock Performance

LON:TUNE opened at GBX 233.75 on Tuesday. The company has a debt-to-equity ratio of 26.31, a quick ratio of 0.77 and a current ratio of 3.53. The stock has a market capitalization of £137.36 million, a P/E ratio of 25.97, a PEG ratio of 2.95 and a beta of 1.12. The company has a 50 day moving average price of GBX 244.68 and a 200 day moving average price of GBX 221.70. Focusrite has a fifty-two week low of GBX 155 and a fifty-two week high of GBX 283.95.

Focusrite (LON:TUNE) last announced its earnings results on Tuesday, November 3rd. The company reported GBX 13.20 earnings per share (EPS) for the quarter. Focusrite had a negative return on equity of 3.62% and a negative net margin of 2.52%. The company had revenue of GBX 9,034 million for the quarter. Equities research analysts forecast that Focusrite will post 17.25 EPS for the current year.

Focusrite Company Profile

Focusrite plc is a global music and audio products group that develops and markets proprietary hardware and software products. Used by audio professionals and amateur musicians alike, our solutions facilitate the high-quality production of recorded and live sound.

We are a rapidly growing group of innovative, market-leading brands, operating across two divisions.

Our Content Creation division is focussed on supporting our customers throughout their music-making journey, by removing barriers to creativity and delivering everything they need to make music.