Valt Technology Services (LON:VALT) Rating Increased to Hold at Berenberg Bank

Key Points

• Berenberg Bank upgraded Valt to a "hold" and raised its price target to GBX 6,400 (from GBX 6,300); Royal Bank of Canada kept an "outperform" at GBX 6,500 and the consensus target is GBX 6,450 (market view: "Moderate Buy").
• Shares jumped 1.9% to GBX 6,520 on unusually heavy volume (7,194,952 vs. average 559,736), valuing the company at £17.12bn with a reported P/E of 1.12.

Valt Technology Services (LON:VALT - Get Free Report) was upgraded by research analysts at Berenberg Bank to a "hold" rating in a research report issued on Thursday,London Stock Exchange reports. The firm currently has a GBX 6,400 target price on the stock, up from their previous target price of GBX 6,300. Berenberg Bank's target price indicates a potential downside of 1.84% from the company's current price.

Separately, Royal Bank Of Canada restated an "outperform" rating and issued a GBX 6,500 price objective on shares of Valt Technology Services in a report on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 6,450.

Valt Technology Services Stock Up 1.9%

LON VALT traded up GBX 120 on Thursday, reaching GBX 6,520. 7,194,952 shares of the stock traded hands, compared to its average volume of 559,736. Valt Technology Services has a 12 month low of GBX 2,670 and a 12 month high of GBX 8,800. The company has a market cap of £17.12 billion and a price-to-earnings ratio of 1.12. The firm's fifty day simple moving average is GBX 6,946.03 and its 200 day simple moving average is GBX 5,940.98.

About Valt Technology Services

Valterra Platinum is one of the world's leading integrated producers of platinum group metals (PGMs) with a primary listing on the Johannesburg Stock Exchange and a secondary listing on the London Stock Exchange. We operate world class, long-life mines and the industry's most efficient processing assets, safely and responsibly mining, smelting, and refining PGMs and associated co-products from operations located in South Africa and Zimbabwe. With integrated marketing hubs in London, Singapore and Shanghai, we deliver tailored solutions for our customers.

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