London Mining Plc’s “Buy” Rating Reaffirmed at Jefferies Group (LOND)
London Mining Plc (LON:LOND)‘s stock had its “buy” rating reiterated by Jefferies Group in a research note issued on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 200 ($3.20) price target on the stock. Jefferies Group’s price objective points to a potential upside of 66.48% from the stock’s previous close.
London Mining Plc (LON:LOND) traded up 6.55% during mid-day trading on Thursday, hitting GBX 120.1319. 1,388,495 shares of the company’s stock traded hands. London Mining Plc has a 52 week low of GBX 86.00 and a 52 week high of GBX 189.75. The stock has a 50-day moving average of GBX 113. and a 200-day moving average of GBX 113.4.
Several other analysts have also recently commented on the stock. Analysts at Macquarie raised their price target on shares of London Mining Plc (LON:LOND) from GBX 185 ($2.96) to GBX 200 ($3.20) in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of London Mining Plc (LON:LOND) in a research note to investors on Wednesday. They now have a GBX 160 ($2.56) price target on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 166.25 ($2.66).
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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