Investec Lowers Aquarius Platinum Ltd Price Target to GBX 36 (AQP)
Investec reduced their price target on shares of Aquarius Platinum Ltd (LON:AQP) from GBX 42 ($0.69) to GBX 36 ($0.59) in a research note issued on Thursday, Analyst Ratings Net reports. The firm currently has a “sell” rating on the stock. Investec’s price objective points to a potential downside of 4.00% from the stock’s previous close.
A number of other analysts have also recently weighed in on AQP. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Aquarius Platinum Ltd in a research note to investors on Wednesday. They now have a GBX 50 ($0.82) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Aquarius Platinum Ltd in a research note to investors on Tuesday. They now have a GBX 43 ($0.71) 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 Monday. They now have a GBX 40 ($0.66) price target on the stock. Four equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 58.49 ($0.96).
Aquarius Platinum Ltd (LON:AQP) remained flat at GBX 37.50 during during mid-day trading trading on Thursday. 706,614 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 39.66 and a 200-day moving average of GBX 44.36. The company’s market cap is £176.8 million.
Aquarius Platinum Limited (LON:AQP) is engaged mine development, concentrate production and investment.
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