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Analysts Have Conflicting Sentiments on These Materials Companies: Adriatic Metals Plc (GB:ADT1), 29metals Ltd. (AU:29M) and China Hongqiao Group Ltd. (HK:1378)

Analysts have been eager to weigh in on the Materials sector with new ratings on Adriatic Metals Plc (GB:ADT1Research Report), 29metals Ltd. (AU:29MResearch Report) and China Hongqiao Group Ltd. (HK:1378Research Report).

Adriatic Metals Plc (GB:ADT1)

Stifel Nicolaus analyst Andrew Breichmanas maintained a Buy rating on Adriatic Metals Plc on April 22. The company’s shares closed last Wednesday at p223.00.

Breichmanas has an average return of 18.0% when recommending Adriatic Metals Plc.

According to TipRanks.com, Breichmanas is ranked #1271 out of 8794 analysts.

Currently, the analyst consensus on Adriatic Metals Plc is a Moderate Buy with an average price target of p287.50.

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29metals Ltd. (AU:29M)

Morgan Stanley analyst Rahul Anand maintained a Buy rating on 29metals Ltd. yesterday and set a price target of A$0.55. The company’s shares closed last Wednesday at A$0.45.

According to TipRanks.com, Anand is a 5-star analyst with an average return of 10.0% and a 56.4% success rate. Anand covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Sandfire Resources Limited, and Fortescue Metals Group Ltd.

29metals Ltd. has an analyst consensus of Hold, with a price target consensus of A$0.46.

China Hongqiao Group Ltd. (HK:1378)

In a report released yesterday, Duncan Chan from DBS maintained a Hold rating on China Hongqiao Group Ltd., with a price target of HK$10.00. The company’s shares closed yesterday at HK$9.70.

According to TipRanks.com, Chan is ranked #4711 out of 8794 analysts.

China Hongqiao Group Ltd. has an analyst consensus of Hold, with a price target consensus of HK$9.95.

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