London Mining Plc’s Outperform Rating Reaffirmed at Credit Suisse (LOND)
London Mining Plc (LON:LOND)‘s stock had its “outperform” rating restated by research analysts at Credit Suisse in a report released on Wednesday, Stock Ratings Network reports. They currently have a GBX 170 ($2.79) price objective on the stock. Credit Suisse’s price objective would suggest a potential upside of 56.73% from the stock’s previous close.
Shares of London Mining Plc (LON:LOND) opened at 109.25 on Wednesday. London Mining Plc has a one year low of GBX 86.00 and a one year high of GBX 189.75. The stock’s 50-day moving average is GBX 110.5 and its 200-day moving average is GBX 112.4.
LOND has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. raised their price target on shares of London Mining Plc from GBX 160 ($2.62) to GBX 170 ($2.79) in a research note to investors on Friday, December 13th. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of London Mining Plc from GBX 200 ($3.28) to GBX 195 ($3.20) in a research note to investors on Friday, December 13th. They now have an “overweight” rating on the stock. Finally, analysts at Investec cut their price target on shares of London Mining Plc from GBX 141 ($2.31) to GBX 135 ($2.21) in a research note to investors on Thursday, December 12th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of GBX 172.22 ($2.82).
London Mining Plc is developing mines to supply the global steel industry. The Company has iron ore exploration and development projects located in Sierra Leone, Saudi Arabia, Greenland, China and Chile, and a coking coal project in Colombia.
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