New World Resources PLC Given Average Recommendation of “Hold” by Brokerages (LON:NWR)
Shares of New World Resources PLC (LON:NWR) have earned an average recommendation of “Hold” from the eight analysts that are covering the company, Analyst Ratings Net reports. Four equities research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is GBX 30.30 ($0.51).
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of New World Resources PLC in a research note on Monday, May 12th. They now have a GBX 36 ($0.61) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “sell” rating on shares of New World Resources PLC in a research note on Tuesday, April 1st. They now have a GBX 32 ($0.54) price target on the stock.
New World Resources PLC (LON:NWR) traded up 7.69% during mid-day trading on Friday, hitting GBX 31.50. 33,137 shares of the company’s stock traded hands. New World Resources PLC has a 1-year low of GBX 29.00 and a 1-year high of GBX 124.25. The stock’s 50-day moving average is GBX 37.07 and its 200-day moving average is GBX 53.57.
New World Resources Plc (LON:NWR) is a hard coal and coke producers.
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