London Mining Plc Given “Outperform” Rating at Credit Suisse (LOND)
London Mining Plc (LON:LOND)‘s stock had its “outperform” rating reiterated by equities research analysts at Credit Suisse in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports. They currently have a GBX 140 ($2.36) price target on the stock. Credit Suisse’s target price would indicate a potential upside of 143.68% from the stock’s previous close.
A number of other analysts have also recently weighed in on LOND. Analysts at Investec reiterated a “buy” rating on shares of London Mining Plc in a research note on Monday. Finally, analysts at Jefferies Group cut their price target on shares of London Mining Plc from GBX 200 ($3.37) to GBX 160 ($2.69) in a research note on Thursday, March 27th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of GBX 148.13 ($2.49).
Shares of London Mining Plc (LON:LOND) opened at 59.25 on Monday. London Mining Plc has a one year low of GBX 56.25 and a one year high of GBX 149.75. The stock’s 50-day moving average is GBX 61.24 and its 200-day moving average is GBX 94.24.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.