New World Resources Plc Stock Rating Reaffirmed by Citigroup Inc. (NWR)
New World Resources Plc (LON:NWR)‘s stock had its “sell” rating restated by equities research analysts at Citigroup Inc. in a research note issued to investors on Wednesday, American Banking & Market News reports.
New World Resources Plc (LON:NWR) remained flat at GBX 92.25 during trading on Wednesday. The stock had a trading volume of 14,290 shares. New World Resources Plc has a one year low of GBX 50.50 and a one year 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.
Several other analysts have also recently commented on the stock. Analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of New World Resources Plc (LON:NWR) in a research note to investors on Wednesday. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of New World Resources Plc (LON:NWR) from GBX 50 ($0.81) to GBX 59 ($0.95) in a research note to investors on Tuesday. They now have an “underweight” rating on the stock. Finally, 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, September 27th. They now have a GBX 19 ($0.31) price target on the stock. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 81.33 ($1.31).
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