Allied Minds PLC (ALM) Upgraded to Buy at Numis Securities Ltd
Allied Minds PLC (LON:ALM) was upgraded by research analysts at Numis Securities Ltd to a “buy” rating in a note issued to investors on Wednesday. The brokerage presently has a GBX 170 ($2.20) price target on the stock, up from their prior price target of GBX 165 ($2.13). Numis Securities Ltd’s price target indicates a potential upside of 41.67% from the stock’s current price.
Separately, Jefferies Group LLC lowered shares of Allied Minds PLC to an “underperform” rating and lowered their target price for the stock from GBX 176 ($2.27) to GBX 124 ($1.60) in a report on Tuesday, August 1st.
Shares of Allied Minds PLC (LON:ALM) traded down 0.83% during midday trading on Wednesday, hitting GBX 120.00. The stock had a trading volume of 97,949 shares. The stock’s market cap is GBX 285.05 million. The stock has a 50-day moving average of GBX 145.21 and a 200 day moving average of GBX 198.82. Allied Minds PLC has a 52 week low of GBX 115.00 and a 52 week high of GBX 475.00.
Allied Minds PLC (LON:ALM) last released its earnings results on Wednesday, August 23rd. The company reported ($0.19) EPS for the quarter. Allied Minds PLC had a negative return on equity of 78.19% and a negative net margin of 2,944.06%. Analysts anticipate that Allied Minds PLC will post ($0.42) EPS for the current fiscal year.
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Allied Minds PLC Company Profile
Allied Minds PLC (Allied Minds) is an intellectual property (IP) commercialization company. The Company is focused on venture creation within the life science and technology sectors. With extensive access to hundreds of university and federal laboratories across the United States, Allied Minds forms, funds, and operates a portfolio of companies to generate long-term value for its investors and stakeholders.
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