Larsen & Toubro (OTCMKTS:LTOUF) Stock Price Up 1% – Time to Buy?

Larsen & Toubro Limited (OTCMKTS:LTOUF) traded up 1% on Thursday . The company traded as high as $48.00 and last traded at $48.00. 161 shares changed hands during trading, a decline of 39% from the average session volume of 265 shares. The stock had previously closed at $47.54.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Larsen & Toubro to a “buy” rating in a report on Thursday, December 11th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy”.

Larsen & Toubro Stock Performance

The firm has a 50-day moving average price of $44.71 and a 200 day moving average price of $43.31.

About Larsen & Toubro

Larsen & Toubro (OTCMKTS:LTOUF) is a diversified Indian conglomerate with roots dating back to 1938, when Danish engineers Henning Holck-Larsen and Soren Kristian Toubro established a partnership in Mumbai to represent Danish dairy equipment manufacturers. Over the decades, the company evolved into a leading engineering and construction powerhouse, gradually expanding its portfolio to include a wide range of industrial and infrastructure projects across multiple sectors.

The company’s core activities encompass engineering, procurement and construction (EPC) services for infrastructure projects such as roads, airports, metro rail systems and water treatment facilities.