Westhouse Securities Reiterates Add Rating for Kenmare Resources (KMR)
Kenmare Resources (LON:KMR)‘s stock had its “add” rating restated by investment analysts at Westhouse Securities in a note issued to investors on Monday, AnalystRatingsNetwork.com reports. They currently have a GBX 32 ($0.51) price target on the stock. Westhouse Securities’ price objective points to a potential upside of 10.34% from the company’s current price.
A number of other firms have also recently commented on KMR. Analysts at Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of Kenmare Resources in a research note to investors on Wednesday, October 2nd. They now have a GBX 40 ($0.64) price target on the stock. Separately, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Kenmare Resources in a research note to investors on Friday, September 27th. They now have a GBX 51 ($0.82) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Kenmare Resources in a research note to investors on Friday, September 20th. They now have a GBX 36 ($0.58) price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Kenmare Resources currently has an average rating of “Buy” and an average price target of GBX 36.78 ($0.59).
Shares of Kenmare Resources (LON:KMR) opened at 29.00 on Monday. Kenmare Resources has a one year low of GBX 23.33 and a one year high of GBX 42.95. The stock’s 50-day moving average is GBX 28.81 and its 200-day moving average is GBX 28.55. The company’s market cap is £734.1 million.
Kenmare Resources plc (LON:KMR), along with its subsidiaries, is engaged in the operation of the Moma Titanium Minerals Mine (Moma) in Mozambique.
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