Sovereign Metals (LON:SVML) Price Target Raised to GBX 74

Sovereign Metals (LON:SVMLGet Rating) had its price target lifted by research analysts at Berenberg Bank from GBX 51 ($0.62) to GBX 74 ($0.90) in a research report issued on Friday, LSE.Co.UK reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 174.89% from the stock’s previous close.

Shares of Sovereign Metals stock opened at GBX 26.92 ($0.33) on Friday. The company has a market capitalization of £124.72 million and a P/E ratio of -17.95. The company’s 50 day simple moving average is GBX 34.03. Sovereign Metals has a 52 week low of GBX 22 ($0.27) and a 52 week high of GBX 53.90 ($0.65).

Sovereign Metals Company Profile (Get Rating)

Further Reading

Want More Great Investing Ideas?

Receive News & Ratings for Sovereign Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sovereign Metals and related companies with MarketBeat.com's FREE daily email newsletter.