Berenberg Bank Lowers Adriatic Metals (LON:ADT1) Price Target to GBX 220

Adriatic Metals (LON:ADT1) had its target price reduced by equities researchers at Berenberg Bank from GBX 230 ($2.92) to GBX 220 ($2.79) in a report issued on Thursday,Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price objective points to a potential upside of 5.58% from the stock’s current price.

Adriatic Metals Stock Up 0.2 %

LON ADT1 traded up GBX 0.38 ($0.00) during trading on Thursday, reaching GBX 208.38 ($2.64). 138,556 shares of the company’s stock were exchanged, compared to its average volume of 152,205. The company has a 50 day moving average price of GBX 206.34 and a two-hundred day moving average price of GBX 187.50. The stock has a market cap of £676.15 million, a P/E ratio of -1,894.36 and a beta of 1.12. Adriatic Metals has a 1 year low of GBX 124.20 ($1.57) and a 1 year high of GBX 253.50 ($3.21). The company has a debt-to-equity ratio of 111.51, a quick ratio of 23.92 and a current ratio of 1.01.

Insider Buying and Selling at Adriatic Metals

In related news, insider Michael Ian Rawlinson acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was bought at an average price of GBX 217 ($2.75) per share, for a total transaction of £10,850 ($13,753.33). 7.38% of the stock is currently owned by insiders.

Adriatic Metals Company Profile

Adriatic Metals PLC, through its subsidiaries, engages in the exploration and development of precious and base metals. It primarily explores for silver, zinc, lead, copper, gold, and barite deposits. The company's flagship project is the 100% owned Vare Silver Project covering an area of approximately 44 square kilometers located in Bosnia and Herzegovina.