Greatland Resources (LON:GGP) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Greatland Resources Ltd (LON:GGPGet Free Report)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 672.49 and traded as low as GBX 534. Greatland Resources shares last traded at GBX 540.50, with a volume of 1,716,744 shares.

Analysts Set New Price Targets

Separately, Citigroup increased their price objective on Greatland Resources from GBX 780 to GBX 816 and gave the company a “neutral” rating in a report on Thursday, April 2nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 755.67.

Get Our Latest Stock Report on GGP

Greatland Resources Stock Down 4.3%

The company has a market capitalization of £3.48 billion, a price-to-earnings ratio of 2.92 and a beta of 1.54. The firm’s 50 day moving average price is GBX 672.49 and its two-hundred day moving average price is GBX 660.38. The company has a current ratio of 2.48, a quick ratio of 2.36 and a debt-to-equity ratio of 2.28.

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