Numis Securities Ltd Reiterates “Add” Rating for PureCircle Limited (PURE)
PureCircle Limited (LON:PURE)‘s stock had its “add” rating reissued by research analysts at Numis Securities Ltd in a report issued on Thursday. They presently have a GBX 370 ($4.78) price objective on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 18.40% from the company’s previous close.
Separately, Liberum Capital reaffirmed a “buy” rating and set a GBX 500 ($6.45) price objective on shares of PureCircle Limited in a research note on Monday.
PureCircle Limited (LON:PURE) traded up 2.37272% on Thursday, hitting GBX 319.91476. The stock had a trading volume of 51,907 shares. The stock’s 50-day moving average is GBX 317.96 and its 200-day moving average is GBX 282.19. PureCircle Limited has a 52-week low of GBX 190.00 and a 52-week high of GBX 562.47. The company’s market cap is GBX 555.53 million.
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In related news, insider John Gibney purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The stock was bought at an average cost of GBX 313 ($4.04) per share, with a total value of £31,300 ($40,402.74). Also, insider Guy Wollaert purchased 26,200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The stock was bought at an average cost of GBX 329 ($4.25) per share, with a total value of £86,198 ($111,266.30).
About PureCircle Limited
PureCircle Limited is a producer of stevia ingredients for the global food and beverage industry. The Company focuses on encouraging healthier diets around the world through the supply of natural ingredients to the global food and beverage industry. The Company has over 40 stevia-related patents. The Company’s Zeta Family ingredients consists of the sugar, such as steviol glycosides, including Reb M and Reb D, and allow for the deepest calorie reductions by food and beverage companies.
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