Equities research analysts at Jefferies Group increased their price objective on shares of Ashcourt Rowan PLC (LON:ARP) from GBX 39 ($0.60) to GBX 41 ($0.63) in a research note issued to investors on Tuesday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price would suggest a potential downside of 73.89% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital raised their price target on shares of Ashcourt Rowan PLC from GBX 40 ($0.61) to GBX 50 ($0.76) in a research note to investors on Wednesday, July 17th. They now have an “overweight” rating on the stock. Separately, analysts at JP Morgan Cazenove cut their price target on shares of Ashcourt Rowan PLC from GBX 37 ($0.56) to GBX 34 ($0.52) in a research note to investors on Tuesday, June 25th. Finally, analysts at Susquehanna raised their price target on shares of Ashcourt Rowan PLC from GBX 35 ($0.53) to GBX 37 ($0.56) in a research note to investors on Wednesday, May 22nd. They now have a “neutral” rating on the stock.
Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of GBX 68.17 ($1.04).
Shares of Ashcourt Rowan PLC (LON: ARP) traded down 0.48% during mid-day trading on Tuesday, hitting GBX 156.75. Ashcourt Rowan PLC has a one year low of GBX 141.60 and a one year high of GBX 159.00. The stock’s 50-day moving average is currently GBX 149.0.
Ashcourt Rowan PLC, formerly Syndicate Asset Management plc, is an integrated group of investment management businesses operating across the United Kingdom and Guernsey that are focused on protecting and growing the finances of individuals, families and institutions.