Today, JPMorgan Chase & Co. Boosts Fresnillo Plc (FRES) Price Target to GBX 1,750

Today, JPMorgan Chase & Co. Boosts Fresnillo Plc (FRES) Price Target to GBX 1,750

Fresnillo Plc (LON:FRES) had its target price increased by equities researchers at JPMorgan Chase & Co. from GBX 1,630 ($20.36) to GBX 1,750 ($21.86) in a note issued to investors on Monday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 42.05% from the company’s previous close.

Several other research analysts also recently commented on the stock. HSBC raised shares of Fresnillo Plc to a “buy” rating in a report on Thursday, September 29th. Deutsche Bank AG reissued a “sell” rating on shares of Fresnillo Plc in a report on Tuesday, July 12th. Macquarie reaffirmed a “neutral” rating and issued a GBX 1,600 ($19.99) price target on shares of Fresnillo Plc in a report on Monday, September 5th. Numis Securities Ltd reaffirmed a “sell” rating and issued a GBX 1,400 ($17.49) price target on shares of Fresnillo Plc in a report on Tuesday, October 11th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating on shares of Fresnillo Plc in a report on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 1,372 ($17.14).

Shares of Fresnillo Plc (LON:FRES) traded down 0.96% during midday trading on Monday, reaching GBX 1232.00. The company’s stock had a trading volume of 847,094 shares. The company’s 50-day moving average price is GBX 1,552.16 and its 200-day moving average price is GBX 1,577.43. Fresnillo Plc has a 12 month low of GBX 612.50 and a 12 month high of GBX 2,057.21. The company’s market cap is GBX 9.08 billion.

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