London Mining Plc Stock Rating Reaffirmed by Investec (LOND)
London Mining Plc (LON:LOND)‘s stock had its “buy” rating reiterated by analysts at Investec in a research report issued to clients and investors on Monday, AR Network reports. They currently have a GBX 113 ($1.90) price target on the stock, down from their previous price target of GBX 125 ($2.11). Investec’s price objective would indicate a potential upside of 114.71% from the stock’s previous close.
London Mining Plc (LON:LOND) opened at 52.63 on Monday. London Mining Plc has a one year low of GBX 55.75 and a one year high of GBX 149.75. The stock’s 50-day moving average is GBX 59.89 and its 200-day moving average is GBX 91.62.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse cut their price target on shares of London Mining Plc from GBX 170 ($2.86) to GBX 140 ($2.36) in a research note on Monday, March 31st. They now have an “outperform” rating on the stock. Separately, 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. Finally, analysts at Goldman Sachs upgraded shares of London Mining Plc to a “neutral” rating in a research note on Monday, March 24th. They now have a GBX 75 ($1.26) price target on the stock, down previously from GBX 90 ($1.52). One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of GBX 137.56 ($2.32).
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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