Rating Change: De La Rue PLC (LON:DLAR) “Overweight” Rating Reiterated by Analysts at JP Morgan Cazenove; With GBX 670.00 Target

November 23, 2016 - By Ruchi Gupta

De La Rue PLC (LON:DLAR) Rating

They currently have a GBX 670.00 target price per share on De La Rue PLC (LON:DLAR). JP Morgan Cazenove’s target would suggest a potential upside of 18.53% from the company’s last stock close. This was released in a note on Wednesday morning.

De La Rue plc (LON:DLAR) Ratings Coverage

Out of 5 analysts covering De La Rue PLC (LON:DLAR), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. GBX 690 is the highest target while GBX 500 is the lowest. The GBX 598.25 average target is 5.63% above today’s (GBX 566.34) stock price. De La Rue PLC has been the topic of 19 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Numis Securities upgraded the stock to “Add” rating in Tuesday, December 1 report. The rating was upgraded by JP Morgan on Friday, July 8 to “Overweight”. The stock has “Buy” rating given by Numis Securities on Thursday, January 28. Beaufort Securities maintained the shares of DLAR in a report on Thursday, April 14 with “Hold” rating. The firm earned “Buy” rating on Tuesday, November 24 by Investec. The rating was maintained by JP Morgan on Thursday, July 23 with “Neutral”. The firm has “Overweight” rating given on Wednesday, November 23 by JP Morgan. The stock of De La Rue plc (LON:DLAR) has “Hold” rating given on Friday, July 24 by Numis Securities. JP Morgan maintained De La Rue plc (LON:DLAR) on Friday, July 22 with “Overweight” rating. The stock has “Buy” rating given by Investec on Wednesday, December 2.

About 8,501 shares traded hands. De La Rue plc (LON:DLAR) has risen 16.55% since April 26, 2016 and is uptrending. It has outperformed by 11.23% the S&P500.

De La Rue plc designs, manufactures and delivers banknotes to clients across the world. The company has a market cap of 575.58 million GBP. The Company’s divisions include Currency, Identity Solutions, and Product Authentication and Traceability. It has a 12.19 P/E ratio. The Currency segment provides printed banknotes, banknote paper and polymer substrates and banknote security components.

More important recent De La Rue plc (LON:DLAR) news were published by: Valuewalk.com which released: “Elevation Capital Presentation On De La Rue plc” on August 13, 2015, also Wsj.com published article titled: “De La Rue Cuts Bank-Note Output, Jobs”, Fool.Co.Uk published: “Should You Buy AstraZeneca plc, WH Smith Plc & De La Rue plc Today?” on April 13, 2016. More interesting news about De La Rue plc (LON:DLAR) was released by: Fool.Co.Uk and their article: “De La Rue plc Slides As Dividend Is Slashed” with publication date: September 26, 2014.

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