London Mining Plc Stock Rating Reaffirmed by Investec (LOND)
London Mining Plc (LON:LOND)‘s stock had its “buy” rating reaffirmed by research analysts at Investec in a report released on Thursday, American Banking & Market News reports. They currently have a GBX 135 ($2.22) target price on the stock. Investec’s target price suggests a potential upside of 27.96% from the company’s current price.
Shares of London Mining Plc (LON:LOND) traded down 0.47% on Thursday, hitting GBX 105.50. The stock had a trading volume of 593,547 shares. London Mining Plc has a 52-week low of GBX 86.00 and a 52-week high of GBX 189.75. The stock has a 50-day moving average of GBX 107.3 and a 200-day moving average of GBX 112.7.
A number of other analysts have also recently weighed in on LOND. Analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of London Mining Plc in a research note to investors on Tuesday. They now have a GBX 90 ($1.48) price target on the stock. Separately, analysts at Barclays raised their price target on shares of London Mining Plc from GBX 110 ($1.81) to GBX 120 ($1.98) in a research note to investors on Friday, January 10th. They now have an “underweight” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of London Mining Plc in a research note to investors on Wednesday, January 8th. They now have a GBX 170 ($2.80) price target on the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of GBX 165 ($2.72).
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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