Goodbody Stockbrokers Ltd Reaffirms Hold Rating for Kenmare Resources plc (KMR)
Kenmare Resources plc (LON:KMR)‘s stock had its “hold” rating reissued by research analysts at Goodbody Stockbrokers Ltd in a report released on Friday. They currently have a GBX 14 ($0.23) target price on the stock. Goodbody Stockbrokers Ltd’s price target suggests a potential upside of 16.82% from the stock’s previous close.
A number of other firms have also recently commented on KMR. Analysts at Westhouse Securities reiterated a “buy” rating on shares of Kenmare Resources plc in a research note on Friday, August 1st. They now have a GBX 20 ($0.33) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Kenmare Resources plc in a research note on Wednesday, July 9th. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Kenmare Resources plc in a research note on Tuesday, July 8th. They now have a GBX 26 ($0.43) price target on the stock. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Kenmare Resources plc has a consensus rating of “Buy” and a consensus target price of GBX 27 ($0.45).
Shares of Kenmare Resources plc (LON:KMR) opened at 11.90 on Friday. Kenmare Resources plc has a 52-week low of GBX 8.847 and a 52-week high of GBX 30.19. The stock’s 50-day moving average is GBX 14.4 and its 200-day moving average is GBX 13.64. The company’s market cap is £331.0 million.
Kenmare Resources plc (LON:KMR), along with its subsidiaries, is engaged in the operation of the Moma Titanium Minerals Mine (Moma) in Mozambique.
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