Macquarie Sticks to Its Sell Rating for Liontown Resources Limited (LIS)

In a report released today, Robert Stein from Macquarie maintained a Sell rating on Liontown Resources Limited, with a price target of A$0.65. The company’s shares closed last Tuesday at €0.51.

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Stein covers the Basic Materials sector, focusing on stocks such as Iluka Resources Limited, Liontown Resources Limited, and Mineral Resources Limited. According to TipRanks, Stein has an average return of 2.1% and a 56.02% success rate on recommended stocks.

In addition to Macquarie, Liontown Resources Limited also received a Sell from Jarden’s Ben Lyons in a report issued today. However, on September 25, Canaccord Genuity maintained a Hold rating on Liontown Resources Limited (Frankfurt: LIS).

LIS market cap is currently €1.55B and has a P/E ratio of -10.93.

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LIS in relation to earlier this year.