Obtala Resources (OBT) Receives GBX 37.05 Consensus PT from Brokerages

Obtala Resources (LON:OBT) has earned an average rating of “Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 37.05 ($0.53).

Several analysts have recently weighed in on OBT shares. beau started coverage on shares of Obtala Resources in a research report on Tuesday, January 9th. They set an “accumulate” rating on the stock. started coverage on shares of Obtala Resources in a research report on Tuesday, January 9th. They set an “accumulate” rating on the stock. VSA Capital restated a “buy” rating and set a GBX 36 ($0.52) price objective on shares of Obtala Resources in a research report on Monday, January 8th. Align Research decreased their target price on shares of Obtala Resources from GBX 38.18 ($0.55) to GBX 38.09 ($0.55) and set a “conviction-buy” rating on the stock in a research report on Monday, January 29th. Finally, Beaufort Securities reiterated a “speculative buy” rating on shares of Obtala Resources in a research report on Thursday, January 11th.

LON:OBT remained flat at $GBX 9.25 ($0.13) during trading hours on Friday. 130,264 shares of the company’s stock traded hands, compared to its average volume of 368,816. Obtala Resources has a 1 year low of GBX 10 ($0.14) and a 1 year high of GBX 25.70 ($0.37).

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About Obtala Resources

Obtala Limited, formerly Obtala Resources Limited, is engaged in the development of agricultural, food processing and timber projects, the holding of mineral resource licenses, projects and investment in other natural resources exploration and development companies and retail. The Company operates through four segments: Exploration and development, Agriculture and forestry, Investing activities and Retail.

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