Citigroup Forecasts Strong Price Appreciation for Greatland Gold (LON:GGP) Stock

Greatland Gold (LON:GGP) had its target price increased by research analysts at Citigroup from GBX 440 to GBX 513 in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 26.08% from the company’s previous close.

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 635 price target on shares of Greatland Gold in a research note on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 462.67.

Greatland Gold Trading Down 0.8%

GGP stock opened at GBX 406.88 on Wednesday. Greatland Gold has a 12-month low of GBX 115 and a 12-month high of GBX 435. The business’s 50-day moving average is GBX 379.51 and its 200 day moving average is GBX 326.22. The company has a current ratio of 1.33, a quick ratio of 2.36 and a debt-to-equity ratio of 102.07. The stock has a market cap of £2.73 billion, a price-to-earnings ratio of 3.07 and a beta of 0.73.

About Greatland Gold

Greatland Gold plc is a mining development and exploration company with a focus on precious and base metals.