Ashcourt Rowan PLC Given New GBX 38 Price Target at Susquehanna (ARP)
Susquehanna lifted their price target on shares of Ashcourt Rowan PLC (LON:ARP) from GBX 37 ($0.60) to GBX 38 ($0.61) in a research note issued on Monday, Stock Ratings Network reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s target price would suggest a potential downside of 80.41% from the company’s current price.
Ashcourt Rowan PLC (LON:ARP) traded up 0.26% on Monday, hitting GBX 194.00. The stock had a trading volume of 5,000 shares. Ashcourt Rowan PLC has a 1-year low of GBX 143.00 and a 1-year high of GBX 200.00. The stock has a 50-day moving average of GBX 173.7 and a 200-day moving average of GBX 158.6.
A number of other analysts have also recently weighed in on ARP. Analysts at Wunderlich initiated coverage on shares of Ashcourt Rowan PLC (LON:ARP) in a research note to investors on Friday, September 6th. They set a “buy” rating and a GBX 51 ($0.82) price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Ashcourt Rowan PLC (LON:ARP) from a “neutral” rating to an “overweight” rating in a research note to investors on Wednesday, September 4th. They now have a GBX 39 ($0.63) price target on the stock, up previously from GBX 37 ($0.60). Finally, analysts at UBS AG raised their price target on shares of Ashcourt Rowan PLC (LON:ARP) from GBX 40 ($0.65) to GBX 43 ($0.69) in a research note to investors on Tuesday, August 20th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Ashcourt Rowan PLC currently has an average rating of “Buy” and an average price target of GBX 85.45 ($1.38).
Ashcourt Rowan PLC, formerly Syndicate Asset Management plc, is an integrated group of investment management businesses operating across the United Kingdom and Guernsey that are focused on protecting and growing the finances of individuals, families and institutions.
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