Shares of Larsen & Toubro Limited (OTCMKTS:LTOUF – Get Free Report) traded down 2.2% during mid-day trading on Tuesday . The company traded as low as $44.00 and last traded at $44.00. 302 shares were traded during trading, a decline of 23% from the average session volume of 394 shares. The stock had previously closed at $45.00.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group raised Larsen & Toubro to a “buy” rating in a research note on Thursday, December 11th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Larsen & Toubro presently has an average rating of “Buy”.
Get Our Latest Analysis on LTOUF
Larsen & Toubro Trading Down 2.2%
About Larsen & Toubro
Larsen & Toubro (OTCMKTS:LTOUF) is a diversified Indian conglomerate with roots dating back to 1938, when Danish engineers Henning Holck-Larsen and Soren Kristian Toubro established a partnership in Mumbai to represent Danish dairy equipment manufacturers. Over the decades, the company evolved into a leading engineering and construction powerhouse, gradually expanding its portfolio to include a wide range of industrial and infrastructure projects across multiple sectors.
The company’s core activities encompass engineering, procurement and construction (EPC) services for infrastructure projects such as roads, airports, metro rail systems and water treatment facilities.
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