Filtronic (LON:FTC) Earns Buy Rating from Berenberg Bank

Filtronic (LON:FTC)‘s stock had its “buy” rating reiterated by Berenberg Bank in a report issued on Friday, MarketBeat reports. They currently have a GBX 213 price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 13.84% from the company’s previous close.

Filtronic Price Performance

Shares of FTC opened at GBX 187.10 on Friday. The company has a market cap of £411.51 million, a P/E ratio of 45.08 and a beta of 0.69. The company has a debt-to-equity ratio of 16.02, a current ratio of 2.23 and a quick ratio of 2.13. Filtronic has a 12 month low of GBX 72 and a 12 month high of GBX 209. The stock has a fifty day moving average price of GBX 190.21 and a 200 day moving average price of GBX 158.82.

Filtronic (LON:FTC) last posted its earnings results on Tuesday, February 3rd. The company reported GBX 1.20 EPS for the quarter. Filtronic had a return on equity of 26.93% and a net margin of 17.80%. On average, research analysts forecast that Filtronic will post 3.0730129 earnings per share for the current 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.