Macquarie Increases London Mining Plc Price Target to GBX 200 (LOND)
Analysts at Macquarie hoisted their target price on shares of London Mining Plc (LON:LOND) from GBX 185 ($2.96) to GBX 200 ($3.20) in a research report issued to clients and investors on Thursday, AnalystRatings.Net reports. The firm currently has an “outperform” rating on the stock. Macquarie’s price target would suggest a potential upside of 66.48% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of GBX 166.25 ($2.66).
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 1-year low of GBX 86.00 and a 1-year 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.
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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