New World Resources Plc PT Raised to GBX 75 at Citigroup Inc. (NWR)
Stock analysts at Citigroup Inc. increased their price target on shares of New World Resources Plc (LON:NWR) from GBX 50 ($0.80) to GBX 75 ($1.20) in a report issued on Monday, AR Network reports. The firm currently has a “sell” rating on the stock. Citigroup Inc.’s price objective indicates a potential downside of 17.13% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of New World Resources Plc (LON:NWR) from GBX 38 ($0.61) to GBX 50 ($0.80) in a research note to investors on Thursday. They now have an “underweight” rating on the stock. Separately, 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 ($1.12) price target on the stock.
Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. New World Resources Plc currently has an average rating of “Hold” and an average target price of GBX 79.14 ($1.27).
New World Resources Plc (LON:NWR) traded down 12.35% on Monday, hitting GBX 90.50. 290,601 shares of the company’s stock traded hands. New World Resources Plc has a 52 week low of GBX 50.50 and a 52 week high of GBX 339.40. The stock has a 50-day moving average of GBX 77.64 and a 200-day moving average of GBX 123.2.
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