New World Resources Plc PT Raised to GBX 50 (NWR)
Investment analysts at JPMorgan Chase & Co. boosted their price objective on shares of New World Resources Plc (LON:NWR) from GBX 38 ($0.60) to GBX 50 ($0.79) in a note issued to investors on Thursday, American Banking & Market News reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price target would indicate a potential downside of 57.98% from the stock’s previous close.
New World Resources Plc (LON:NWR) opened at 109.22 on Thursday. New World Resources Plc has a one year low of GBX 50.50 and a one year high of GBX 339.40. The stock’s 50-day moving average is GBX 74.86 and its 200-day moving average is GBX 123..
NWR has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of New World Resources Plc (LON:NWR) in a research note to investors on Monday, September 9th. They now have a GBX 70 ($1.11) price target on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of New World Resources Plc (LON:NWR) in a research note to investors on Friday, August 9th.
Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. New World Resources Plc currently has a consensus rating of “Hold” and a consensus target price of GBX 75.57 ($1.20).
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