Greatland Resources (LON:GGP) Share Price Passes Above 50-Day Moving Average – What’s Next?

Greatland Resources Ltd (LON:GGP) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 669.72 and traded as high as GBX 732. Greatland Resources shares last traded at GBX 723.50, with a volume of 2,639,431 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Citigroup lifted their price objective on Greatland Resources from GBX 780 to GBX 816 and gave the company a “neutral” rating in a research note on Thursday, April 2nd. Royal Bank Of Canada lifted their price objective on Greatland Resources from GBX 675 to GBX 816 and gave the company a “buy” rating in a research note on Thursday, January 29th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Greatland Resources has a consensus rating of “Moderate Buy” and a consensus target price of GBX 755.67.

Greatland Resources Trading Down 2.6%

The firm has a market capitalization of £4.74 billion, a PE ratio of 3.97 and a beta of 1.55. The company has a debt-to-equity ratio of 2.28, a quick ratio of 2.36 and a current ratio of 2.48. The firm has a fifty day moving average of GBX 669.72 and a 200 day moving average of GBX 557.17.