Companies in the Materials sector have received a lot of coverage today as analysts weigh in on Fortescue Metals Group Ltd (FSUMF – Research Report) and Pilbara Minerals Limited (PILBF – Research Report).
Fortescue Metals Group Ltd (FSUMF)
In a report released yesterday, Lyndon Fagan from J.P. Morgan maintained a Hold rating on Fortescue Metals Group Ltd, with a price target of A$20.00. The company’s shares closed last Monday at $13.05.
According to TipRanks.com, Fagan is a 4-star analyst with an average return of
Fortescue Metals Group Ltd has an analyst consensus of Moderate Sell, with a price target consensus of $11.27.
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Pilbara Minerals Limited (PILBF)
J.P. Morgan analyst Al Harvey maintained a Buy rating on Pilbara Minerals Limited on August 25 and set a price target of A$5.70. The company’s shares closed last Tuesday at $3.05.
According to TipRanks.com, Harvey is a 4-star analyst with an average return of
Pilbara Minerals Limited has an analyst consensus of Hold, with a price target consensus of $3.30, an 11.1% upside from current levels. In a report issued on August 17, RBC Capital also maintained a Buy rating on the stock with a A$5.85 price target.
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