Royal Bank of Canada Lowers Amigo (AMGO) Price Target to GBX 330
Amigo (LON:AMGO) had its price target dropped by analysts at Royal Bank of Canada from GBX 345 ($4.51) to GBX 330 ($4.31) in a report released on Tuesday. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 95.27% from the stock’s previous close.
AMGO has been the topic of several other research reports. Shore Capital restated a “hold” rating on shares of Amigo in a research note on Tuesday, November 27th. Numis Securities restated an “add” rating and issued a GBX 330 ($4.31) price objective on shares of Amigo in a research note on Tuesday, November 27th. HSBC assumed coverage on Amigo in a research note on Tuesday, February 12th. They issued a “hold” rating and a GBX 280 ($3.66) price objective on the stock. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 240 ($3.14) price objective on shares of Amigo in a research note on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of GBX 298.57 ($3.90).
Shares of LON AMGO opened at GBX 169 ($2.21) on Tuesday. Amigo has a 52 week low of GBX 158.64 ($2.07) and a 52 week high of GBX 314.95 ($4.12). The company has a quick ratio of 18.46, a current ratio of 18.50 and a debt-to-equity ratio of 215.02. The company has a market cap of $770.04 million and a P/E ratio of 10.76.
Amigo Holdings PLC, through its subsidiaries, provides guarantor loans to individuals in the United Kingdom. The company was founded in 2005 and is based in Bournemouth, the United Kingdom. Amigo Holdings PLC is a subsidiary of Richmond Group Limited.
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