Focusrite (LON:TUNE) Given Buy Rating at Berenberg Bank

Focusrite (LON:TUNE - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Berenberg Bank in a research report issued on Thursday, Marketbeat.com reports. They currently have a GBX 355 ($4.59) target price on the stock. Berenberg Bank's price objective would suggest a potential upside of 129.77% from the stock's current price.

Focusrite Stock Performance

Focusrite stock traded down GBX 8 ($0.10) during midday trading on Thursday, reaching GBX 154.50 ($2.00). The stock had a trading volume of 119,732 shares, compared to its average volume of 200,968. The firm has a market capitalization of £90.23 million, a PE ratio of 7.69, a P/E/G ratio of 2.95 and a beta of 1.04. Focusrite has a 12 month low of GBX 152 ($1.96) and a 12 month high of GBX 397 ($5.13). The company has a quick ratio of 0.77, a current ratio of 1.57 and a debt-to-equity ratio of 36.98. The firm's 50-day moving average price is GBX 191.74 and its 200 day moving average price is GBX 235.67.

Focusrite Company Profile

Focusrite plc is a global music and audio products group that develops and markets proprietary hardware and software products. Used by audio professionals and amateur musicians alike, our solutions facilitate the high-quality production of recorded and live sound. We are a rapidly growing group of innovative, market-leading brands, operating across two divisions. Our Content Creation division is focussed on supporting our customers throughout their music-making journey, by removing barriers to creativity and delivering everything they need to make music.