Boart Longyear Rating Reiterated by Credit Suisse (BLY)
Boart Longyear (ASX:BLY)‘s stock had its “underperform” rating restated by stock analysts at Credit Suisse in a report issued on Tuesday, StockRatingsNetwork.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at CIMB downgraded shares of Boart Longyear (ASX:BLY) from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, September 12th.
Boart Longyear (ASX:BLY) traded down 8.16% during mid-day trading on Tuesday, hitting A$0.450. The stock had a trading volume of 2,086,904 shares. Boart Longyear has a one year low of A$0.420 and a one year high of A$2.380. The stock’s 50-day moving average is A$0.5 and its 200-day moving average is A$0.76. The company’s market cap is A$204.5 million.
Boart Longyear Limited is an integrated provider of drilling services, capital equipment and consumable products for customers in mining and minerals exploration, environmental and infrastructure, and energy industries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.