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Seagate Technology PLC 22.6% Potential Decrease Indicated Today by UBS

Seagate Technology PLC with TICKER NASDAQ:STX had its stock rating noted as ‘Initiated’ with the recommendation being set at ‘SELL’ this morning by analysts at UBS. Seagate Technology PLC are listed in the Technology sector within NASDAQ. UBS have set their target price at 38 USD on its stock. This now indicates the analyst believes there is a potential downside of 22.6% from the opening price of 49.09 USD.

Seagate Technology PLC NASDAQ:STX has a 50 day moving average of 50.02 USD and a 200 Day Moving Average share price is recorded at 56.88 USD. The 52 week high for the share price is currently at 69.4 USD while the 52 week low for the stock is 44.46 USD. Over the last 30 and 90 trading days the company share price has decreased 1.29 points and decreased 7.37 points respectively. There are currently 302,545,667 shares in issue with the average daily volume traded being 4,989,587. Market capitalisation for NASDAQ:STX is $15,097,029,245.00 USD.

 

Seagate Technology PLC NASDAQ:STX (Seagate) is the provider of electronic data storage products. The Company’s principal products are hard disk drives, commonly referred to as disk drives, hard drives or HDDs. The Company produces a range of disk drive products addressing enterprise applications, where its products are designed for enterprise servers, mainframes and workstations; client compute applications, where its products are designed for desktop and notebook computers, and client non-compute applications, where its products are designed for a range of end user devices, such as digital video recorders (DVRs), personal data backup systems, portable external storage systems and digital media systems. In April 2014, Seagate completed the acquisition of Xyratex Ltd. In September 2014, Seagate Technology PLC completes acquisition of the assets of LSI’s Accelerated Solutions Division (ASD) and Flash Components Division (FCD) from Avago Technologies Limited.

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