Largo’s (LGO) “Buy” Rating Reiterated at HC Wainwright

Largo (TSE:LGOGet Rating)‘s stock had its “buy” rating reiterated by research analysts at HC Wainwright in a note issued to investors on Thursday, Stock Target Advisor reports. They presently have a C$20.00 target price on the stock. HC Wainwright’s price target suggests a potential upside of 52.56% from the company’s previous close.

Separately, Morgan Stanley downgraded shares of Largo to a “hold” rating and set a C$11.40 target price on the stock. in a report on Monday, January 31st.

Shares of LGO stock traded down C$0.73 during midday trading on Thursday, reaching C$13.11. 33,523 shares of the company were exchanged, compared to its average volume of 108,009. Largo has a 12 month low of C$9.39 and a 12 month high of C$22.96. The stock has a market capitalization of C$848.91 million and a P/E ratio of 29.66. The business has a 50 day simple moving average of C$14.46. The company has a debt-to-equity ratio of 6.61, a quick ratio of 2.58 and a current ratio of 3.84.

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