Citigroup Issues Positive Forecast for Greatland Resources (LON:GGP) Stock Price

Greatland Resources (LON:GGP) had its price target upped by investment analysts at Citigroup from GBX 780 to GBX 816 in a research report issued to clients and investors on Thursday,London Stock Exchange reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price suggests a potential upside of 23.23% from the stock’s previous close.

Separately, Royal Bank Of Canada upped their price target on Greatland Resources from GBX 675 to GBX 816 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Greatland Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 626.75.

Greatland Resources Trading Down 1.9%

Shares of LON:GGP traded down GBX 13.10 during mid-day trading on Thursday, reaching GBX 662.20. 4,195,383 shares of the company were exchanged, compared to its average volume of 13,173,996. The company has a debt-to-equity ratio of 2.28, a current ratio of 2.48 and a quick ratio of 2.36. The firm has a market cap of £4.46 billion, a price-to-earnings ratio of 3.74 and a beta of 1.27. The firm’s 50-day simple moving average is GBX 641.26 and its 200 day simple moving average is GBX 501.93. Greatland Resources has a 1 year low of GBX 202 and a 1 year high of GBX 730.90.