Allied Minds PLC (ALM) Receives “Hold” Rating from Numis Securities Ltd
Numis Securities Ltd reissued their hold rating on shares of Allied Minds PLC (LON:ALM) in a report released on Thursday morning, MarketBeat.com reports. Numis Securities Ltd currently has a GBX 165 ($2.14) price objective on the stock.
Separately, Jefferies Group LLC reiterated a hold rating and set a GBX 176 ($2.28) price objective on shares of Allied Minds PLC in a research note on Wednesday, July 12th.
Shares of Allied Minds PLC (LON:ALM) opened at 155.00 on Thursday. The firm’s market capitalization is GBX 368.18 million. The stock has a 50 day moving average of GBX 161.74 and a 200-day moving average of GBX 226.60. Allied Minds PLC has a one year low of GBX 127.96 and a one year high of GBX 475.00.
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In other news, insider Michael Turner sold 215,270 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of GBX 139 ($1.80), for a total value of £299,225.30 ($388,452.94). Also, insider Jill Smith bought 71,211 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was purchased at an average price of GBX 141 ($1.83) per share, with a total value of £100,407.51 ($130,348.58).
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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