Morgans analyst Adrian Prendergast maintained a Hold rating on Liontown Resources Limited (LIS – Research Report) today and set a price target of A$1.00. The company’s shares closed last Wednesday at €0.54.
According to TipRanks, Prendergast is a 5-star analyst with an average return of 14.4% and a 56.34% success rate. Prendergast covers the Energy sector, focusing on stocks such as Beach Energy Limited, Cooper Energy Limited, and Karoon Energy Ltd.
The word on The Street in general, suggests a Hold analyst consensus rating for Liontown Resources Limited with a €0.67 average price target.
LIS market cap is currently €1.22B and has a P/E ratio of -31.65.
Based on the recent corporate insider activity of 13 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.
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Liontown Resources Limited (LIS) Company Description:
Liontown Resources Ltd is a mineral exploration and development company. The company’s Lithium project includes Kathleen Valley Project, Buldania Project in Western Australia, Toolebuc Vanadium Project is located in Central Northern Queensland, and Moora Gold-PGE-Ni-Cu Project.
