Royal Bank of Canada Begins Coverage on Contourglobal (GLO)

Royal Bank of Canada began coverage on shares of Contourglobal (LON:GLO) in a report published on Wednesday morning. The brokerage issued an outperform rating and a GBX 310 ($4.17) price objective on the stock.

Shares of Contourglobal (LON GLO) opened at GBX 250 ($3.36) on Wednesday. The firm has a market capitalization of $1,710.00 and a PE ratio of 3,571.43. Contourglobal has a twelve month low of GBX 226.50 ($3.05) and a twelve month high of GBX 263.50 ($3.55).

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About Contourglobal

ContourGlobal plc is a United Kingdom-based company that develops, acquires, owns and operates wholesale power generation businesses. The Company is focused on operating a portfolio of 69 thermal and renewable power plants across Europe, Latin America and Africa. The Company’s segment includes Renewable Generation Group and Thermal Generation Group.

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