Allied Minds PLC (ALM) Downgraded by Jefferies Group LLC
Allied Minds PLC (LON:ALM) was downgraded by investment analysts at Jefferies Group LLC to an “underperform” rating in a report issued on Tuesday. They currently have a GBX 124 ($1.64) target price on the stock, down from their previous target price of GBX 176 ($2.32). Jefferies Group LLC’s target price would suggest a potential downside of 23.46% from the company’s current price.
Separately, Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 165 ($2.18) target price on shares of Allied Minds PLC in a research report on Thursday, April 27th.
Allied Minds PLC (ALM) opened at 158.00 on Tuesday. The company’s 50-day moving average price is GBX 156.21 and its 200 day moving average price is GBX 247.13. Allied Minds PLC has a 52-week low of GBX 127.96 and a 52-week high of GBX 475.00. The stock’s market capitalization is GBX 369.32 million.
In other Allied Minds PLC news, insider Jill Smith bought 71,211 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was acquired at an average price of GBX 141 ($1.86) per share, with a total value of £100,407.51 ($132,446.26). Also, insider Michael Turner sold 215,270 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of GBX 139 ($1.83), for a total value of £299,225.30 ($394,704.26).
About Allied Minds PLC
Allied Minds PLC (Allied Minds) is an intellectual property (IP) commercialization company. The Company is focused on venture creation within the life science and technology sectors. With extensive access to hundreds of university and federal laboratories across the United States, Allied Minds forms, funds, and operates a portfolio of companies to generate long-term value for its investors and stakeholders.
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