Analysts have been eager to weigh in on the Materials sector with new ratings on Lynas Rare Earths (LYSCF – Research Report), Regis Resources Limited (RGRNF – Research Report) and Fletcher Building Limited (FRCEF – Research Report).
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Lynas Rare Earths (LYSCF)
In a report released today, Rahul Anand from Morgan Stanley maintained a Hold rating on Lynas Rare Earths, with a price target of A$19.45. The company’s shares closed last Friday at $14.00.
According to TipRanks.com, Anand is a 5-star analyst with an average return of
Lynas Rare Earths has an analyst consensus of Hold, with a price target consensus of $9.03, representing a -32.2% downside. In a report issued on October 1, Macquarie also maintained a Hold rating on the stock with a A$16.50 price target.
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Regis Resources Limited (RGRNF)
Citi analyst Kate McCutcheon maintained a Sell rating on Regis Resources Limited today and set a price target of A$5.00. The company’s shares closed last Friday at $3.82.
According to TipRanks.com, McCutcheon is a 4-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Regis Resources Limited with a $3.63 average price target, which is a -4.8% downside from current levels. In a report issued on October 1, Macquarie also downgraded the stock to Sell with a A$5.20 price target.
Fletcher Building Limited (FRCEF)
Citi analyst Samuel Seow maintained a Buy rating on Fletcher Building Limited today. The company’s shares closed last Friday at $1.61, close to its 52-week low of $1.53.
According to TipRanks.com, Seow is a 1-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Fletcher Building Limited with a $1.89 average price target.
Read More on LYSCF:
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- China releases new restriction on rare-earth materials, WSJ reports
- China puts new limits on rare earths, Bloomberg reports
- Lynas and Noveon Partner to Strengthen U.S. Rare Earth Magnet Supply Chain
- Lynas Rare Earths Director Increases Shareholding
- Lynas Rare Earths Expands Market Presence with New Securities Quotation
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