New World Resources Plc Price Target Increased to GBX 59 by Analysts at JPMorgan Chase & Co. (NWR)
JPMorgan Chase & Co. lifted their target price on shares of New World Resources Plc (LON:NWR) from GBX 50 ($0.81) to GBX 59 ($0.95) in a research note issued on Tuesday, American Banking News reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential downside of 40.40% from the company’s current price.
Shares of New World Resources Plc (LON:NWR) traded down 6.82% during mid-day trading on Tuesday, hitting GBX 92.25. 183,164 shares of the company’s stock traded hands. New World Resources Plc has a 52-week low of GBX 50.50 and a 52-week high of GBX 339.40. The stock’s 50-day moving average is GBX 77.64 and its 200-day moving average is GBX 123.2.
A number of other analysts have also recently weighed in on NWR. Analysts at Bank of America Corp. reiterated an “underperform” rating on shares of New World Resources Plc (LON:NWR) in a research note to investors on Friday. They now have a GBX 19 ($0.31) price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of New World Resources Plc (LON:NWR) from GBX 50 ($0.81) to GBX 75 ($1.21) in a research note to investors on Monday, September 23rd. They now have a “sell” rating on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of New World Resources Plc (LON:NWR) in a research note to investors on Monday, September 9th. They now have a GBX 70 ($1.13) price target on the stock. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 80.43 ($1.30).
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