London Mining Plc PT Raised to GBX 160 at Citigroup Inc. (LOND)
Analysts at Citigroup Inc. boosted their price target on shares of London Mining Plc (LON:LOND) from GBX 150 ($2.40) to GBX 160 ($2.56) in a research report issued to clients and investors on Monday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s target price indicates a potential upside of 44.43% from the stock’s previous close.
London Mining Plc (LON:LOND) traded down 4.71% during mid-day trading on Monday, hitting GBX 110.778. The stock had a trading volume of 1,402,844 shares. London Mining Plc has a 52 week low of GBX 86.00 and a 52 week high of GBX 189.75. The stock’s 50-day moving average is GBX 113. and its 200-day moving average is GBX 113.4.
LOND has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “buy” rating on shares of London Mining Plc (LON:LOND) in a research note to investors on Monday, September 9th. They now have a GBX 200 ($3.20) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of London Mining Plc (LON:LOND) in a research note to investors on Friday, August 23rd. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of London Mining Plc (LON:LOND) in a research note to investors on Friday, August 23rd. They now have a GBX 160 ($2.56) price target on the stock.
One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of GBX 158 ($2.53).
London Mining Plc is developing mines to supply the global steel industry. The Company has iron ore exploration and development projects located in Sierra Leone, Saudi Arabia, Greenland, China and Chile, and a coking coal project in Colombia.
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