Valt Technology Services (LON:VALT) Trading Up 3.9% – What’s Next?

Valt Technology Services plc (LON:VALT) was up 3.9% during mid-day trading on Wednesday . The stock traded as high as GBX 7,080 and last traded at GBX 6,960. Approximately 1,507,359 shares traded hands during mid-day trading, an increase of 244% from the average daily volume of 438,073 shares. The stock had previously closed at GBX 6,700.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a “sell” rating and issued a GBX 3,200 price objective on shares of Valt Technology Services in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell” and a consensus price target of GBX 3,200.

Valt Technology Services Price Performance

The business has a fifty day simple moving average of GBX 6,428.40 and a 200 day simple moving average of GBX 5,061.56. The firm has a market cap of £18.37 billion and a price-to-earnings ratio of 13.89.