Base Resources (LON:BSE) Price Target Lowered to GBX 19.50 at Peel Hunt

Base Resources (LON:BSE) had its target price dropped by Peel Hunt from GBX 21 ($0.27) to GBX 19.50 ($0.25) in a note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “buy” rating on the stock. Peel Hunt’s price objective would suggest a potential upside of 73.33% from the stock’s previous close.

Other analysts also recently issued reports about the company. Liberum Capital reaffirmed a “buy” rating and set a GBX 21 ($0.27) price target on shares of Base Resources in a research report on Thursday, October 24th. Peel Hunt reaffirmed a “buy” rating and set a GBX 21 ($0.27) price target on shares of Base Resources in a research report on Thursday, November 7th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 25 ($0.33) price target on shares of Base Resources in a research report on Thursday, November 7th. Finally, Numis Securities reaffirmed a “buy” rating on shares of Base Resources in a research report on Thursday, October 24th. Six investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of GBX 24.42 ($0.32).

Shares of BSE opened at GBX 11.25 ($0.15) on Tuesday. The company has a current ratio of 1.86, a quick ratio of 1.48 and a debt-to-equity ratio of 5.91. The company has a market capitalization of $131.81 million and a price-to-earnings ratio of 3.41. The stock has a 50 day moving average of GBX 12.73 and a 200 day moving average of GBX 13.32. Base Resources has a 12 month low of GBX 10.12 ($0.13) and a 12 month high of GBX 16.50 ($0.22).

About Base Resources

Base Resources Limited produces and sells mineral sands in Africa. The company produces mineral sands, such as rutile, ilmenite, and zircon. It primarily owns 100% interests in the Kwale Mineral Sands project located in Kenya. The company was formerly known as Base Iron Limited and changed its name to Base Resources Limited in 2010.

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Analyst Recommendations for Base Resources (LON:BSE)

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