The stock of Laird PLC (LON:LRD) is a huge mover today! The stock decreased 47.45% or GBX 146.38 on October 19, hitting GBX 162.12. About 20.52 million shares traded hands or 2583.61% up from the average. Laird PLC (LON:LRD) has declined 57.21% since March 21, 2016 and is downtrending. It has underperformed by 62.76% the S&P500.
The move comes after 9 months negative chart setup for the GBX 440.00 million company. It was reported on Oct, 19 by Barchart.com. We have GBX 144.29 PT which if reached, will make LON:LRD worth GBX 48.40M less.
Laird PLC (LON:LRD) Ratings Coverage
Out of 9 analysts covering Laird PLC (LON:LRD), 6 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 67% are positive. Laird PLC has been the topic of 50 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Investec on Thursday, February 11. Liberum Capital maintained the shares of LRD in a report on Thursday, March 10 with “Hold” rating. The firm earned “Hold” rating on Monday, January 11 by Liberum Capital. The rating was maintained by Numis Securities with “Buy” on Monday, August 3. Liberum Capital maintained the stock with “Hold” rating in Friday, November 13 report. The firm has “Equal Weight” rating given on Wednesday, November 25 by Barclays Capital. Numis Securities maintained Laird PLC (LON:LRD) rating on Thursday, January 21. Numis Securities has “Buy” rating and GBX 440 price target. JP Morgan maintained it with “Overweight” rating and GBX 400 target price in Friday, October 30 report. Liberum Capital maintained the stock with “Hold” rating in Wednesday, October 28 report. The stock has “Buy” rating given by Numis Securities on Thursday, July 30.
More recent Laird PLC (LON:LRD) news were published by: Reuters.com which released: “Apple supplier Laird warns of sharply lower profit; shares plunge” on October 19, 2016. Also Uk.Finance.Yahoo.com published the news titled: “-LSE Ticker: 1VNST9/ISIN: GB00B1VNST91” on March 30, 2014. Fool.Co.Uk‘s news article titled: “Do today’s results make AstraZeneca plc & Laird PLC the ultimate dividend buys?” with publication date: April 29, 2016 was also an interesting one.
Laird PLC is a United Kingdom-based global technology firm focused on providing systems, components and solutions that protects electronics from electromagnetic interference and heat, and that enable connectivity in various wireless applications and antenna systems. The company has a market cap of 440.00 million GBP. The Firm operated through two divisions: Wireless Systems and Performance Materials. It currently has negative earnings. The Wireless Systems segment designs, makes and supplies products that enable connectivity and remote smart systems for use in specialized industrial applications.
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