Aquarius Platinum Ltd Downgraded by Investec to “Sell” (AQP)
Aquarius Platinum Ltd (LON:AQP) was downgraded by investment analysts at Investec to a “sell” rating in a note issued to investors on Thursday, StockRatingsNetwork.com reports. They currently have a GBX 42 ($0.68) price objective on the stock, down from their previous price objective of GBX 48 ($0.78). Investec’s target price would indicate a potential downside of 6.67% from the company’s current price.
Shares of Aquarius Platinum Ltd (LON:AQP) traded down 5.26% on Thursday, hitting GBX 45.00. 2,181,414 shares of the company’s stock traded hands. Aquarius Platinum Ltd has a 52-week low of GBX 35.50 and a 52-week high of GBX 75.50. The stock has a 50-day moving average of GBX 49.7 and a 200-day moving average of GBX 44.. The company’s market cap is £211.8 million.
AQP has been the subject of a number of other recent research reports. Analysts at Seymour Pierce reiterated a “hold” rating on shares of Aquarius Platinum Ltd in a research note to investors on Thursday. They now have a GBX 40 ($0.65) price target on the stock. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Aquarius Platinum Ltd in a research note to investors on Thursday. They now have a GBX 45 ($0.73) price target on the stock. Finally, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Aquarius Platinum Ltd in a research note to investors on Thursday. They now have a GBX 40 ($0.65) price target on the stock. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 59.74 ($0.97).
Aquarius Platinum Limited (LON:AQP) is engaged mine development, concentrate production and investment.
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