London Mining Plc Given New GBX 170 Price Target at JPMorgan Chase & Co. (LOND)
JPMorgan Chase & Co. decreased their price objective on shares of London Mining Plc (LON:LOND) from GBX 195 ($3.20) to GBX 170 ($2.79) in a research note issued on Thursday, Analyst Ratings.Net reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 71.72% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of London Mining Plc in a research note to investors on Wednesday. They now have a GBX 170 ($2.79) price target on the stock. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. London Mining Plc presently has an average rating of “Buy” and a consensus price target of GBX 162.50 ($2.67).
London Mining Plc (LON:LOND) traded down 1.00% during mid-day trading on Thursday, hitting GBX 98.997. The stock had a trading volume of 953,720 shares. London Mining Plc has a 52-week low of GBX 86.00 and a 52-week high of GBX 189.75. The stock’s 50-day moving average is GBX 105.9 and its 200-day moving average is GBX 113.0.
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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