Northland Securities Downgrades Tower Resources PLC to Hold (TRP)
Tower Resources PLC (LON:TRP) was downgraded by analysts at Northland Securities to a “hold” rating in a research report issued to clients and investors on Thursday, AR Network reports.
A number of other firms have also recently commented on TRP. Analysts at Northland Capital Mkts reiterated a “buy” rating on shares of Tower Resources PLC in a research note on Wednesday, April 9th. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Tower Resources PLC in a research note on Friday, March 14th. They now have a GBX 240 ($4.03) price target on the stock. Finally, analysts at Northland Capital Partners reiterated a “buy” rating on shares of Tower Resources PLC in a research note on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of GBX 82.73 ($1.39).
Shares of Tower Resources PLC (LON:TRP) traded down 3.85% on Thursday, hitting GBX 3.75. The stock had a trading volume of 30,837,084 shares. Tower Resources PLC has a 52-week low of GBX 0.958 and a 52-week high of GBX 7.25. The stock has a 50-day moving average of GBX 5.15 and a 200-day moving average of GBX 3.80.
Tower Resources Plc is an independent oil and gas exploration company. The Company has targeted exploration licenses, focused on Africa.
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