New World Resources Plc Rating Reiterated by JPMorgan Chase & Co. (NWR)
New World Resources Plc (LON:NWR)‘s stock had its “underweight” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday, ARN reports. They currently have a GBX 59 ($0.97) target price on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 3.51% from the company’s current price.
Shares of New World Resources Plc (LON:NWR) traded down 3.39% on Friday, hitting GBX 57.00. 34,963 shares of the company’s stock traded hands. New World Resources Plc has a 52-week low of GBX 50.50 and a 52-week high of GBX 316.70. The stock has a 50-day moving average of GBX 70.81 and a 200-day moving average of GBX 77.84.
NWR has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of New World Resources Plc in a research note to investors on Monday, December 2nd. They now have a GBX 75 ($1.23) price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of New World Resources Plc from GBX 70 ($1.15) to GBX 75 ($1.23) in a research note to investors on Monday, November 18th. They now have a “hold” rating on the stock. Five analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 73.20 ($1.20).
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