Analysts have been eager to weigh in on the Materials sector with new ratings on Fortescue Metals Group Ltd (FSUMF – Research Report), Regis Resources Limited (RGRNF – Research Report) and Ecolab (ECL – Research Report).
Fortescue Metals Group Ltd (FSUMF)
In a report issued on April 24, Kaan Peker from RBC Capital maintained a Sell rating on Fortescue Metals Group Ltd, with a price target of A$23.00. The company’s shares closed last Friday at $16.76.
According to TipRanks.com, Peker is a 2-star analyst with an average return of
Currently, the analyst consensus on Fortescue Metals Group Ltd is a Strong Sell with an average price target of $13.30, which is a -20.1% downside from current levels. In a report issued on April 24, Goldman Sachs also maintained a Sell rating on the stock with a A$16.90 price target.
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Regis Resources Limited (RGRNF)
RBC Capital analyst Alex Barkley maintained a Buy rating on Regis Resources Limited on April 24 and set a price target of A$2.40. The company’s shares closed last Friday at $1.43.
According to TipRanks.com, Barkley is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Regis Resources Limited with a $1.46 average price target, which is a 2.1% upside from current levels. In a report issued on April 18, Canaccord Genuity also maintained a Buy rating on the stock with a A$2.55 price target.
Ecolab (ECL)
In a report issued on April 24, Ashish Sabadra from RBC Capital maintained a Buy rating on Ecolab, with a price target of $238.00. The company’s shares closed last Friday at $221.10, close to its 52-week high of $231.86.
According to TipRanks.com, Sabadra is a 4-star analyst with an average return of
Ecolab has an analyst consensus of Moderate Buy, with a price target consensus of $242.71, implying a 10.7% upside from current levels. In a report issued on April 12, Mizuho Securities also upgraded the stock to Buy with a $260.00 price target.
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Read More on FSUMF:
- Australian Stocks: Fortescue (FMG) Sees Drop in Iron Ore Shipments After Derailment
- Fortescue Metals Achieves Record Shipping Recovery
- Fortescue Announces Cessation of Securities
- Australian Stocks: Analysts Remain Bearish on Fortescue (FMG) Despite a High Dividend Yield
- Fortescue Director’s Shareholdings Increase
