London Mining Plc Given “Outperform” Rating at Credit Suisse (LOND)
London Mining Plc (LON:LOND)‘s stock had its “outperform” rating reiterated by analysts at Credit Suisse in a research report issued to clients and investors on Wednesday, Analyst Ratings Net reports. They currently have a GBX 170 ($2.79) price target on the stock. Credit Suisse’s target price suggests a potential upside of 57.10% from the stock’s previous close.
London Mining Plc (LON:LOND) opened at 102.9375 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 has a 50-day moving average of GBX 106.5 and a 200-day moving average of GBX 113.1.
A number of other firms have also recently commented on LOND. Analysts at Investec reiterated a “buy” rating on shares of London Mining Plc in a research note to investors on Thursday, January 16th. They now have a GBX 135 ($2.22) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of London Mining Plc in a research note to investors on Tuesday, January 14th. They now have a GBX 90 ($1.48) price target on the stock. Finally, analysts at Barclays raised their price target on shares of London Mining Plc from GBX 110 ($1.81) to GBX 120 ($1.97) in a research note to investors on Friday, January 10th. They now have an “underweight” rating on the stock. Two research analysts have 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 presently has an average rating of “Buy” and a consensus target price of GBX 165 ($2.71).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.