Ituran Location and Control (NASDAQ:ITRN) was downgraded by research analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating in a report issued on Friday, November 17th. They presently have a $36.00 price objective on the industrial products company’s stock. Telsey Advisory Group’s target price suggests a potential upside of 2.86% from the stock’s previous close.
Several other brokerages also recently weighed in on ITRN. Zacks Investment Research downgraded shares of Ituran Location and Control from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Chardan Capital cut shares of Ituran Location and Control from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research note on Friday, November 17th. Finally, BidaskClub raised shares of Ituran Location and Control from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th.
Shares of Ituran Location and Control (NASDAQ:ITRN) remained flat at $$35.00 during mid-day trading on Friday. 28,494 shares of the company’s stock traded hands, compared to its average volume of 40,320. The stock has a market cap of $731.79, a P/E ratio of 16.94 and a beta of 0.82. Ituran Location and Control has a 1-year low of $25.05 and a 1-year high of $38.00.
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About Ituran Location and Control
Ituran Location and Control Ltd. is a provider of location-based services, consisting of stolen vehicle recovery (SVR), fleet management services and other tracking services. The Company also provides wireless communication products used in connection with its location-based services and various other applications.
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