Allocate Software PLC (LON:ALL)‘s stock had its “hold” rating restated by research analysts at N+1 Singer in a report released on Tuesday, AnalystRatingsNetwork.com reports. They currently have a GBX 108 ($1.81) target price on the stock. N+1 Singer’s price target would indicate a potential downside of 8.09% from the company’s current price.
Allocate Software PLC (LON:ALL) traded down 1.64% during mid-day trading on Tuesday, hitting GBX 115.575. The stock had a trading volume of 3,470 shares. Allocate Software PLC has a 1-year low of GBX 63.727 and a 1-year high of GBX 85.00. The stock has a 50-day moving average of GBX 114.6 and a 200-day moving average of GBX 104.2.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd raised their price target on shares of Allocate Software PLC from GBX 118 ($1.97) to GBX 130 ($2.17) in a research note on Monday, January 20th. They now have a “buy” rating on the stock. Separately, analysts at Nplus1 Brewin downgraded shares of Allocate Software PLC to a “hold” rating in a research note on Monday, January 20th. They now have a GBX 108 ($1.81) price target on the stock. Finally, analysts at Investec raised their price target on shares of Allocate Software PLC from GBX 98 ($1.64) to GBX 108 ($1.81) in a research note on Monday, December 16th. They now have a “buy” rating on the stock.
Allocate Software plc is engaged in the development, sale and support of workforce management solutions, and the provision of related information technology (LON:ALL) services to healthcare, defence, government and commercial customers.
This article (Allocate Software PLC Receives “Hold” Rating from N+1 Singer (ALL)) was originally developed by and is property of American Banking News.
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