Boart Longyear Stock Rating Reaffirmed by Credit Suisse (BLY)
Boart Longyear (ASX:BLY)‘s stock had its “underperform” rating restated by analysts at Credit Suisse in a research report issued to clients and investors on Wednesday, ARN reports.
Boart Longyear (ASX:BLY) traded down 2.20% on Wednesday, hitting A$0.445. 1,554,482 shares of the company’s stock traded hands. Boart Longyear has a 52-week low of A$0.420 and a 52-week high of A$2.380. The stock has a 50-day moving average of A$0.50 and a 200-day moving average of A$0.73. The company’s market cap is A$202.2 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at CIMB downgraded shares of Boart Longyear (ASX:BLY) from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, September 12th.
Boart Longyear Limited is an integrated provider of drilling services, capital equipment and consumable products for customers in mining and minerals exploration, environmental and infrastructure, and energy industries.
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