Macquarie Remains a Sell on Liontown Resources Limited (LIS)

Macquarie analyst Robert Stein maintained a Sell rating on Liontown Resources Limited today and set a price target of A$0.65. The company’s shares closed yesterday at €0.58.

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According to TipRanks, Stein is a 4-star analyst with an average return of 6.3% and a 56.07% success rate. Stein covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, Liontown Resources Limited, and Mineral Resources Limited.

Currently, the analyst consensus on Liontown Resources Limited is a Moderate Sell with an average price target of €0.38, a -34.60% downside from current levels. In a report released on October 2, J.P. Morgan also maintained a Sell rating on the stock with a A$0.45 price target.

The company has a one-year high of €0.71 and a one-year low of €0.24. Currently, Liontown Resources Limited has an average volume of 16.31K.

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.