Ashcourt Rowan PLC Price Target Cut to GBX 48 by Analysts at Barclays Capital (ARP)
Research analysts at Barclays Capital cut their price target on shares of Ashcourt Rowan PLC (LON:ARP) from GBX 49 ($0.78) to GBX 48 ($0.77) in a report released on Monday, AmericanBankingNews.com reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s price objective indicates a potential downside of 75.13% from the company’s current price.
Shares of Ashcourt Rowan PLC (LON:ARP) traded up 0.28% on Monday, hitting GBX 193.04. 2,500 shares of the company’s stock traded hands. Ashcourt Rowan PLC has a one year low of GBX 143.00 and a one year high of GBX 200.00. The stock’s 50-day moving average is GBX 173.7 and its 200-day moving average is GBX 158.6.
ARP has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Ashcourt Rowan PLC from GBX 43 ($0.69) to GBX 45 ($0.72) in a research note to investors on Tuesday, October 8th. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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 ($0.81) price target on the stock. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 85.82 ($1.37).
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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