Investment analysts at beau assumed coverage on shares of Obtala (LON:OBT) in a research note issued on Tuesday. The brokerage set an “accumulate” rating on the stock.
OBT has been the topic of several other research reports. VSA Capital restated a “buy” rating and set a GBX 36 ($0.49) target price on shares of Obtala in a report on Friday, September 29th. Beaufort Securities restated a “speculative buy” rating and set a GBX 37.50 ($0.51) target price on shares of Obtala in a report on Monday, October 9th. Northland Securities restated a “corporate” rating on shares of Obtala in a report on Tuesday, October 17th. Finally, started coverage on Obtala in a report on Tuesday. They set an “accumulate” rating on the stock. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 36.75 ($0.50).
Shares of Obtala (OBT) traded up GBX 0.88 ($0.01) during midday trading on Tuesday, hitting GBX 15.13 ($0.21). The company had a trading volume of 535,623 shares, compared to its average volume of 256,823. The company has a market cap of $50.31 and a PE ratio of 302.50. Obtala has a 1-year low of GBX 11.80 ($0.16) and a 1-year high of GBX 25.70 ($0.35).
Obtala Limited, formerly Obtala Resources Limited, is engaged in the development of agricultural, food processing and timber projects, the holding of mineral resource licenses, projects and investment in other natural resources exploration and development companies and retail. The Company operates through four segments: Exploration and development, Agriculture and forestry, Investing activities and Retail.
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