Ashcourt Rowan PLC Price Target Raised to GBX 45 at JPMorgan Chase & Co. (ARP)
Equities research analysts at JPMorgan Chase & Co. lifted their target price on shares of Ashcourt Rowan PLC (LON:ARP) from GBX 43 ($0.69) to GBX 45 ($0.72) in a research note issued to investors on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential downside of 76.79% from the company’s current price.
Shares of Ashcourt Rowan PLC (LON:ARP) traded up 0.73% during mid-day trading on Tuesday, hitting GBX 193.90. The stock had a trading volume of 26,084 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.
ARP has been the subject of a number of other recent research reports. Analysts at Susquehanna raised their price target on shares of Ashcourt Rowan PLC from GBX 37 ($0.59) to GBX 38 ($0.61) in a research note to investors on Monday, September 30th. They now have a “neutral” rating on the stock. Separately, analysts at Wunderlich initiated coverage on shares of Ashcourt Rowan PLC 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. Finally, analysts at UBS AG raised their price target on shares of Ashcourt Rowan PLC from GBX 40 ($0.64) 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 investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Ashcourt Rowan PLC has a consensus rating of “Buy” and an average price target of GBX 86 ($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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