London Mining Plc Given Average Rating of “Buy” by Brokerages (LON:LOND)
Shares of London Mining Plc (LON:LOND) have earned a consensus rating of “Buy” from the eleven brokerages that are presently covering the stock, AnalystRatingsNetwork reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 162.50 ($2.67).
LOND has been the subject of a number of recent research reports. Analysts at Investec reiterated a “buy” rating on shares of London Mining Plc in a research note on Friday, January 24th. They now have a GBX 135 ($2.21) price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of London Mining Plc from GBX 195 ($3.20) to GBX 170 ($2.79) in a research note on Thursday, January 23rd. They now have an “overweight” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of London Mining Plc in a research note on Wednesday, January 22nd. They now have a GBX 170 ($2.79) price target on the stock.
Shares of London Mining Plc (LON:LOND) opened at 90.25 on Thursday. London Mining Plc has a 1-year low of GBX 86.00 and a 1-year high of GBX 189.75. The stock has a 50-day moving average of GBX 101.7 and a 200-day moving average of GBX 112.8.
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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