Insider Selling: Greatland Resources (LON:GGP) Insider Sells 526,880 Shares

Key Points

  • Insider Alex Borrelli sold 526,880 Greatland Resources shares at an average price of GBX 700, generating proceeds of approximately £3.69 million.
  • Greatland Resources opened at GBX 600, with a market capitalization of about £4.05 billion and a 52-week trading range of GBX 285 to GBX 800.
  • Analysts remain positive, with three Buy ratings and an average target price of GBX 733.67, although Citigroup recently cut its target from GBX 816 to GBX 750.

Greatland Resources Ltd (LON:GGP - Get Free Report) insider Alex Borrelli sold 526,880 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of GBX 700, for a total transaction of £3,688,160.

Greatland Resources Stock Down 0.2%

Greatland Resources stock opened at GBX 600 on Thursday. Greatland Resources Ltd has a fifty-two week low of GBX 285 and a fifty-two week high of GBX 800. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.36 and a current ratio of 3.55. The firm has a 50 day moving average price of GBX 604.75 and a 200 day moving average price of GBX 658.53. The company has a market capitalization of £4.05 billion, a PE ratio of 3.38 and a beta of 1.43.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered their price target on Greatland Resources from GBX 816 to GBX 750 and set a "buy" rating for the company in a research report on Tuesday, August 18th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of GBX 733.67.

Read Our Latest Report on Greatland Resources

Greatland Resources Ltd is a materials company in the Gold industry.

See Also

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