Allied Minds PLC (LON:ALM)‘s stock had its “buy” rating restated by equities research analysts at Numis Securities Ltd in a note issued to investors on Thursday. They presently have a GBX 170 ($2.20) price objective on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 17.24% from the company’s current price.

Separately, Jefferies Group LLC downgraded Allied Minds PLC to an “underperform” rating and decreased their price objective for the company from GBX 176 ($2.27) to GBX 124 ($1.60) in a report on Tuesday, August 1st.

Allied Minds PLC (LON:ALM) traded down 4.61% during mid-day trading on Thursday, reaching GBX 145.00. The company had a trading volume of 588,228 shares. The firm’s 50-day moving average is GBX 142.36 and its 200-day moving average is GBX 190.50. The firm’s market capitalization is GBX 344.43 million. Allied Minds PLC has a one year low of GBX 114.00 and a one year high of GBX 475.00.

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About Allied Minds PLC

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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