Royal Bank Of Canada started coverage on shares of Telit Communications Plc (LON:TCM) in a research report released on Friday. The brokerage issued an outperform rating and a GBX 325 ($4.24) price target on the stock.
Several other research firms also recently commented on TCM. Canaccord Genuity reaffirmed a buy rating and issued a GBX 280 ($3.65) price objective on shares of Telit Communications Plc in a report on Monday, August 15th. Peel Hunt reissued a buy rating and issued a GBX 260 ($3.39) price target on shares of Telit Communications Plc in a report on Monday, August 8th. One equities research analyst has rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of GBX 286.25 ($3.74).
Shares of Telit Communications Plc (LON:TCM) opened at 261.00 on Friday. The company’s market cap is GBX 299.72 million. The company has a 50 day moving average of GBX 250.20 and a 200 day moving average of GBX 229.10. Telit Communications Plc has a 52 week low of GBX 167.75 and a 52 week high of GBX 347.75.
In related news, insider Cats,Oozi acquired 100,000 shares of the stock in a transaction dated Monday, September 12th. The shares were purchased at an average price of GBX 229 ($2.99) per share, for a total transaction of £229,000 ($298,916.59). Also, insider Fait ,Yosi sold 140,152 shares of the firm’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of GBX 265 ($3.46), for a total transaction of £371,402.80 ($484,796.76).
Telit Communications Plc Company Profile
Telit Communications PLC (Telit) is a United Kingdom-based enabler of machine-to-machine (M2M) communications providing cellular, short range and positioning modules via its brand Telit Wireless Solutions. The Company develops and markets cellular, global navigation satellite system (GNSS), short-to-long range wireless modules plus mobile connectivity services and application enablement platform to onboard edge devices to the Internet of Things (IoT).
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