Sberbank CIB Reaffirms Buy Rating on Eurasian Natural Resources Corp (ENRC)
Eurasian Natural Resources Corp (LON: ENRC)‘s stock had its “buy” rating reiterated by investment analysts at Sberbank CIB in a note issued to investors on Monday. They currently have a $6.67 (423 GBX) target price on the stock.
Eurasian Natural Resources Corp opened at 334.40 on Monday. Eurasian Natural Resources Corp has a 52-week low of GBX 259.60 and a 52-week high of GBX 746.00. The stock’s 50-day moving average is currently GBX 327.8. The company’s market cap is £4.304 billion.
A number of other firms have also recently commented on ENRC. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Eurasian Natural Resources Corp in a research note to investors on Friday, January 18th. They now have a $6.40 price target on the stock. Separately, analysts at Exane BNP Paribas reiterated a “neutral” rating on shares of Eurasian Natural Resources Corp in a research note to investors on Thursday, January 17th. They now have a $5.44 price target on the stock. Finally, analysts at JPMorgan Chase reiterated a “neutral” rating on shares of Eurasian Natural Resources Corp in a research note to investors on Wednesday, January 16th. They now have a $4.82 price target on the stock.
Eurasian Natural Resources Corporation PLC is a diversified natural resources company. The Company operates in six segments: Ferroalloys comprises the extraction and sale of chrome ore, and production of ferroalloys; Iron Ore comprises exploration, extraction, processing and manufacturing of iron ore products; Alumina and Aluminium comprises extraction and processing of bauxite and limestone, and smelting of alumina and aluminum; Other Non-ferrous comprises the exploration and extraction, processing and manufacturing of copper and cobalt products, and the exploration of other minerals in Africa; Energy comprises coal mining and power generation, and Logistics is a freight forwarder and railroad operator.
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