London Mining Plc Receives Outperform Rating from Credit Suisse (LOND)
London Mining Plc (LON:LOND)‘s stock had its “outperform” rating restated by Credit Suisse in a research note issued on Wednesday, ARN reports. They currently have a GBX 160 ($2.56) price objective on the stock. Credit Suisse’s price target suggests a potential upside of 42.37% from the company’s current price.
A number of other analysts have also recently weighed in on LOND. Analysts at RBC Capital reiterated a “sector performer” rating on shares of London Mining Plc (LON:LOND) in a research note to investors on Tuesday. They now have a GBX 150 ($2.40) price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of London Mining Plc (LON:LOND) from GBX 150 ($2.40) to GBX 160 ($2.56) in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, 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.
One equities 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’s stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 156.86 ($2.51).
London Mining Plc (LON:LOND) opened at 119.75 on Wednesday. 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.
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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