Valterra Platinum Limited (AGPPF) Gets a Sell from Berenberg Bank

Berenberg Bank analyst Richard Hatch maintained a Sell rating on Valterra Platinum Limited yesterday and set a price target of p4,600.00. The company’s shares closed yesterday at p78.92.

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According to TipRanks, Hatch is a 5-star analyst with an average return of 17.7% and a 55.38% success rate. Hatch covers the Basic Materials sector, focusing on stocks such as Rainbow Rare Earths, Antofagasta, and Wheaton Precious Metals.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Valterra Platinum Limited with a $56.28 average price target, a -28.69% downside from current levels. In a report released on December 3, J.P. Morgan also maintained a Sell rating on the stock with a $40.00 price target.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AGPPF in relation to earlier this year.