PureCircle Limited (PURE) Earns “Buy” Rating from Liberum Capital
PureCircle Limited (LON:PURE)‘s stock had its “buy” rating reaffirmed by stock analysts at Liberum Capital in a research note issued on Monday. They currently have a GBX 500 ($6.33) target price on the stock. Liberum Capital’s target price points to a potential upside of 47.06% from the stock’s previous close.
Separately, Numis Securities Ltd reissued an “add” rating and issued a GBX 370 ($4.68) target price on shares of PureCircle Limited in a report on Thursday, May 18th.
PureCircle Limited (LON PURE) traded up 1.80% during midday trading on Monday, reaching GBX 340.00. The company had a trading volume of 88,098 shares. PureCircle Limited has a 12-month low of GBX 190.00 and a 12-month high of GBX 562.47. The stock’s market capitalization is GBX 590.53 million. The company has a 50-day moving average of GBX 323.31 and a 200-day moving average of GBX 291.17.
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In related news, insider John Gibney bought 10,000 shares of the company’s stock in a transaction on Tuesday, March 14th. The shares were acquired at an average cost of GBX 313 ($3.96) per share, with a total value of £31,300 ($39,595.19).
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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