Aquarius Platinum Ltd Given Underperform Rating at Macquarie (AQP)
Aquarius Platinum Ltd (LON:AQP)‘s stock had its “underperform” rating restated by Macquarie in a research note issued on Thursday, Analyst Ratings Network.com reports. They currently have a GBX 39 ($0.62) price target on the stock. Macquarie’s price target suggests a potential downside of 26.07% from the company’s current price.
Aquarius Platinum Ltd (LON:AQP) traded up 4.46% on Thursday, hitting GBX 52.75. The stock had a trading volume of 152,526 shares. Aquarius Platinum Ltd has a 1-year low of GBX 35.50 and a 1-year high of GBX 75.50. The stock’s 50-day moving average is GBX 47.33 and its 200-day moving average is GBX 44.89. The company’s market cap is £233.6 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Aquarius Platinum Ltd (LON:AQP) in a research note to investors on Thursday. They now have a GBX 55 ($0.88) price target on the stock. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Aquarius Platinum Ltd (LON:AQP) in a research note to investors on Monday, September 16th. They now have a GBX 45 ($0.72) price target on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Aquarius Platinum Ltd (LON:AQP) from a “neutral” rating to an “underweight” rating in a research note to investors on Tuesday, September 10th. They now have a GBX 49 ($0.78) price target on the stock, up previously from GBX 39 ($0.62). Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 51.28 ($0.82).
Aquarius Platinum Limited (LON:AQP) is engaged mine development, concentrate production and investment.
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