Liberum Capital Reiterates Buy Rating for New Britain Palm Oil Limited (NBPO)
New Britain Palm Oil Limited (LON:NBPO)‘s stock had its “buy” rating restated by research analysts at Liberum Capital in a report released on Thursday, Stock Ratings Network.com reports. They currently have a GBX 750 ($12.60) price objective on the stock. Liberum Capital’s price target would suggest a potential upside of 85.14% from the stock’s previous close.
A number of other analysts have also recently weighed in on NBPO. Analysts at WH Ireland upgraded shares of New Britain Palm Oil Limited to an “outperform” rating in a research note on Monday, March 3rd. They now have a GBX 400 ($6.72) price target on the stock. Analysts at Panmure Gordon reiterated a “buy” rating on shares of New Britain Palm Oil Limited in a research note on Thursday, February 27th. They now have a GBX 580 ($9.74) price target on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 595 ($9.99).
Shares of New Britain Palm Oil Limited (LON:NBPO) traded up 0.65% during mid-day trading on Thursday, hitting GBX 405.10. 768 shares of the company’s stock traded hands. New Britain Palm Oil Limited has a 1-year low of GBX 308.00 and a 1-year high of GBX 523.00. The stock’s 50-day moving average is GBX 400.1 and its 200-day moving average is GBX 391.7. The company’s market cap is £605.1 million.
New Britain Palm Oil Limited operates in the oil palm, sugar and beef cattle industries in Papua New Guinea with oil palm operations also in the Solomon Islands.
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