Citigroup Inc. Reiterates Sell Rating for New World Resources PLC (NWR)
New World Resources PLC (LON:NWR)‘s stock had its “sell” rating reaffirmed by stock analysts at Citigroup Inc. in a report issued on Monday. They currently have a GBX 32 ($0.55) price objective on the stock. Citigroup Inc.’s price objective would indicate a potential upside of 172.34% from the stock’s previous close.
Shares of New World Resources PLC (LON:NWR) traded up 8.51% during mid-day trading on Monday, hitting GBX 12.75. The stock had a trading volume of 92,867 shares. New World Resources PLC has a one year low of GBX 11.25 and a one year high of GBX 124.25. The stock’s 50-day moving average is GBX 26.69 and its 200-day moving average is GBX 42.27. The company’s market cap is £33.7 million.
Separately, 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 ($0.62) price target on the stock. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. The stock currently has an average rating of “Sell” and a consensus price target of GBX 24.36 ($0.42).
New World Resources Plc (LON:NWR) is a hard coal and coke producers.
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.