Berenberg Bank Has Lowered Expectations for Adriatic Metals (LON:ADT1) Stock Price

Adriatic Metals (LON:ADT1) had its target price reduced by stock analysts at Berenberg Bank from GBX 230 ($2.90) to GBX 220 ($2.78) in a note issued to investors on Thursday, Marketbeat.com reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 6.80% from the stock’s previous close.

Adriatic Metals Price Performance

Adriatic Metals stock opened at GBX 206 ($2.60) on Thursday. The firm has a market cap of £668.43 million, a PE ratio of -1,872.73 and a beta of 1.12. The company has a debt-to-equity ratio of 111.51, a current ratio of 1.01 and a quick ratio of 23.92. The stock’s fifty day moving average price is GBX 206.83 and its two-hundred day moving average price is GBX 187.63. Adriatic Metals has a one year low of GBX 124.20 ($1.57) and a one year high of GBX 253.50 ($3.20).

Insider Activity at Adriatic Metals

In other news, insider Michael Ian Rawlinson acquired 5,000 shares of the stock in a transaction on Wednesday, October 30th. The stock was acquired at an average cost of GBX 217 ($2.74) per share, for a total transaction of £10,850 ($13,694.31). 7.38% of the stock is owned by insiders.

About Adriatic Metals

Adriatic Metals PLC, through its subsidiaries, engages in the exploration and development of precious and base metals. It primarily explores for silver, zinc, lead, copper, gold, and barite deposits. The company's flagship project is the 100% owned Vare Silver Project covering an area of approximately 44 square kilometers located in Bosnia and Herzegovina.