London Mining Plc PT Lowered to GBX 52 at Investec (LOND)
Research analysts at Investec lowered their price objective on shares of London Mining Plc (LON:LOND) from GBX 57 ($0.95) to GBX 52 ($0.87) in a report released on Friday. The firm currently has a “buy” rating on the stock. Investec’s price objective suggests a potential upside of 32.17% from the company’s current price.
Shares of London Mining Plc (LON:LOND) opened at 33.00 on Friday. London Mining Plc has a 52-week low of GBX 26.75 and a 52-week high of GBX 149.75. The stock’s 50-day moving average is GBX 42.03 and its 200-day moving average is GBX 56.29.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of London Mining Plc in a research note on Thursday. They now have a GBX 140 ($2.34) price target on the stock. Separately, analysts at RBC Capital reiterated a “sector performer” rating on shares of London Mining Plc in a research note on Thursday. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of London Mining Plc in a research note on Thursday. They now have a GBX 35 ($0.59) price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 116.89 ($1.95).
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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