Filtronic’s (FTC) “Buy” Rating Reiterated at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Filtronic (LON:FTC) in a report published on Tuesday morning, MarketBeat Ratings reports. They currently have a GBX 440 price objective on the stock.

Filtronic Price Performance

Shares of LON:FTC opened at GBX 240 on Tuesday. The company’s fifty day moving average price is GBX 293.01 and its 200-day moving average price is GBX 258.87. The firm has a market capitalization of £527.86 million, a price-to-earnings ratio of 57.83 and a beta of 1.06. Filtronic has a one year low of GBX 114 and a one year high of GBX 480. The company has a debt-to-equity ratio of 13.80, a current ratio of 1.89 and a quick ratio of 2.13.

Filtronic (LON:FTC) last posted its quarterly earnings data on Tuesday, August 4th. The company reported GBX 2.07 earnings per share for the quarter. Filtronic had a net margin of 8.21% and a return on equity of 11.47%. On average, equities research analysts anticipate that Filtronic will post 3.0730129 earnings per share for the current fiscal year.

About Filtronic

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.