Kenmare Resources Price Target Lowered to GBX 30 at Westhouse Securities (KMR)
Analysts at Westhouse Securities reduced their target price on shares of Kenmare Resources (LON:KMR) from GBX 32 ($0.51) to GBX 30 ($0.48) in a research report issued to clients and investors on Tuesday, ARN reports. The firm currently has an “add” rating on the stock. Westhouse Securities’ target price points to a potential upside of 21.70% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Panmure Gordon downgraded shares of Kenmare Resources from a “buy” rating to a “hold” rating in a research note to investors on Friday. Separately, 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. Finally, 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 ($0.81) price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 36.63 ($0.58).
Kenmare Resources (LON:KMR) traded down 2.38% on Tuesday, hitting GBX 24.65. 10,416,979 shares of the company’s stock traded hands. Kenmare Resources has a one year low of GBX 23.33 and a one year high of GBX 42.95. The stock has a 50-day moving average of GBX 28.81 and a 200-day moving average of GBX 28.55. The company’s market cap is £624.0 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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