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

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

Adriatic Metals Stock Performance

LON:ADT1 traded up GBX 0.38 ($0.00) during trading hours 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. 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 quick ratio of 23.92, a current ratio of 1.01 and a debt-to-equity ratio of 111.51. The firm has a market capitalization of £676.15 million, a price-to-earnings ratio of -1,894.36 and a beta of 1.12. The company has a 50-day moving average of GBX 206.34 and a 200 day moving average of GBX 187.50.

Insider Buying and Selling

In other news, insider Michael Ian Rawlinson acquired 5,000 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were bought at an average cost of GBX 217 ($2.75) per share, with a total value of £10,850 ($13,753.33). Corporate insiders own 7.38% of the company’s stock.

About Adriatic Metals

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.