De La Rue plc (LON: DLAR)‘s stock had its “buy” rating reaffirmed by analysts at Citigrooup in a research report issued to clients and investors on Wednesday, Stock Ratings Network reports. They currently have a GBX 1,055 ($16.05) target price on the stock. Citigrooup’s price objective would indicate a potential upside of 10.47% from the stock’s previous close.
Shares of De La Rue plc (LON: DLAR) opened at 952.4999 on Wednesday. De La Rue plc has a 52 week low of GBX 891.50 and a 52 week high of GBX 1080.00. The stock’s 50-day moving average is currently GBX 1016.. The company’s market cap is £949.2 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at JP Morgan Cazenove reiterated an “overweight” rating on shares of De La Rue plc in a research note to investors on Wednesday. Separately, analysts at Investec reiterated a “buy” rating on shares of De La Rue plc in a research note to investors on Monday. They now have a GBX 1,050 ($15.97) price target on the stock. Finally, analysts at Goldman Sachs cut their price target on shares of De La Rue plc from GBX 1,175 ($17.87) to GBX 1,090 ($16.58) in a research note to investors on Wednesday, June 5th. They now have a “neutral” rating on the stock.
Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of GBX 1,048.86 ($15.95).
De La Rue plc is engaged in the design and production of over 150 national currencies and a range of security documents, including passports, driving licenses, authentication labels and tax stamps.