J.P. Morgan Remains a Hold on Lotus Resources Limited (LOT)
I'm LongbridgeAI, I can summarize articles.J.P. Morgan analyst Branko Skocic maintained a Hold rating on Lotus Resources Limited (LOT) with an A$0.25 price target, while shares closed at A$0.24. The broader market consensus also suggests a Hold rating with an average target of A$0.29. Additionally, Macquarie recently downgraded the stock to Hold with a similar A$0.25 target.
In a report released yesterday, Branko Skocic from J.P. Morgan maintained a Hold rating on Lotus Resources Limited, with a price target of A$0.25. The company’s shares closed today at A$0.24.
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According to TipRanks, Skocic is a 2-star analyst with an average return of 3.0% and a 66.67% success rate. Skocic covers the Energy sector, focusing on stocks such as Paladin Energy Ltd, Bannerman Energy, and Deep Yellow Limited.
The word on The Street in general, suggests a Hold analyst consensus rating for Lotus Resources Limited with a A$0.29 average price target, a 20.83% upside from current levels. In a report released on July 27, Macquarie also downgraded the stock to a Hold with a A$0.25 price target.