Aquarius Platinum Ltd Rating Lowered to Underweight at JPMorgan Chase & Co. (AQP)
Aquarius Platinum Ltd (LON:AQP) was downgraded by equities researchers at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research report issued on Tuesday, Analyst Ratings Network.com reports. They currently have a GBX 49 ($0.77) target price on the stock, up from their previous target price of GBX 39 ($0.61). JPMorgan Chase & Co.’s price target points to a potential downside of 4.39% from the company’s current price.
A number of other firms have also recently commented on AQP. Analysts at Citigroup Inc. downgraded shares of Aquarius Platinum Ltd (LON:AQP) from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a GBX 54 ($0.84) price target on the stock, down previously from GBX 66 ($1.03). Separately, 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. Finally, 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.
One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. Aquarius Platinum Ltd has a consensus rating of “Hold” and a consensus price target 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. 888,796 shares of the company’s stock traded hands. Aquarius Platinum Ltd has a 52 week low of GBX 35.50 and a 52 week high of GBX 75.50. The stock’s 50-day moving average is GBX 46.23 and its 200-day moving average is 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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