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LYC $2.25

LIG - Good news Deutche Bank reaffirms hold rating

  1. speckyraider

    1,137 Posts.

    Deutsche Bank reaffirmed their hold rating on shares of Lynas Co. Limited (ASX:LYC) in a research note issued to investors on Thursday. The firm currently has a $0.05 price target on the stock.
    Deutsche Bank has also taken action a number of other stocks recently. The firm lowered its price target on shares of Rolls-Royce Holding PLC from GBX 661 ($9.97) to GBX 645 ($9.73). They have a sell rating on that stock. Also, Deutsche Bank reiterated its hold rating on shares of BT Group plc. They have a GBX 425 ($6.41) price target on that stock. Finally, Deutsche Bank reiterated its hold rating on shares of British Sky Broadcasting Group plc (ADR).
    Shares of Lynas Co. Limited (ASX:LYC) opened at 0.044 on Thursday. Lynas Co. Limited has a 52 week low of A$0.040 and a 52 week high of A$0.320. The stock has a 50-day moving average of A$0.05 and a 200-day moving average of A$0.09. The company’s market cap is A$102.7 million.
    Lynas Corporation Limited is engaged in integrated extraction and processing of rare earth minerals, primarily in Australia and Malaysia; and development of Rare Earth deposits. The Company is engaged in commercial production and shipments of Rare Earths products. The Company has Temporary Operating Licence (ASX:LYC) for its Lynas Advanced Materials Plant (LAMP).

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