Aquarius Platinum Ltd Rating Lowered to Neutral at Citigroup Inc. (AQP)
Aquarius Platinum Ltd (LON:AQP) was downgraded by investment analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, American Banking & Market News reports. They currently have a GBX 54 ($0.84) price objective on the stock, down from their previous price objective of GBX 66 ($1.03). Citigroup Inc.’s price target indicates a potential upside of 5.37% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Investec raised their price target on shares of Aquarius Platinum Ltd (LON:AQP) from GBX 46 ($0.72) to GBX 48 ($0.75) in a research note to investors on Wednesday, August 21st. They now have a “hold” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Aquarius Platinum Ltd (LON:AQP) in a research note to investors on Monday, August 19th. They now have a GBX 60 ($0.94) price target on the stock. Finally, analysts at BNP Paribas reiterated a “hold” rating on shares of Aquarius Platinum Ltd (LON:AQP) in a research note to investors on Tuesday, August 13th. They now have a GBX 47.47 ($0.74) price target on the stock.
One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 52.44 ($0.82).
Aquarius Platinum Ltd (LON:AQP) traded up 1.49% during mid-day trading on Tuesday, hitting GBX 51.25. The stock had a trading volume of 888,796 shares. Aquarius Platinum Ltd has a one year low of GBX 35.50 and a one year high of GBX 75.50. The stock has a 50-day moving average of GBX 46.23 and a 200-day moving average of GBX 45.14. The company’s market cap is £227.0 million.
Aquarius Platinum Limited (LON:AQP) is engaged mine development, concentrate production and investment.
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