Royal Bank Of Canada assumed coverage on shares of Telit Communications Plc (LON:TCM) in a report published on Friday. The brokerage issued an outperform rating and a GBX 325 ($4.24) price target on the stock.
TCM has been the subject of several other research reports. 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. Canaccord Genuity reaffirmed a buy rating and issued a GBX 280 ($3.65) price objective on shares of Telit Communications Plc in a research report on Tuesday, July 26th. One equities research analyst has rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of GBX 286.25 ($3.74).
Shares of Telit Communications Plc (LON:TCM) opened at 263.75 on Friday. The stock has a 50 day moving average price of GBX 250.28 and a 200 day moving average price of GBX 228.41. The firm’s market capitalization is GBX 302.88 million. Telit Communications Plc has a 12 month low of GBX 167.75 and a 12 month high of GBX 348.25.
In other Telit Communications Plc news, insider Fait ,Yosi sold 140,152 shares of the business’s stock in a transaction dated 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). Also, insider Cats,Oozi purchased 100,000 shares of the business’s stock in a transaction on Monday, September 12th. The shares were acquired at an average cost of GBX 229 ($2.99) per share, for a total transaction of £229,000 ($298,916.59).
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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