Lynas Rare Earths (LYSCF) was upgraded to a Hold Rating at J.P. Morgan

J.P. Morgan analyst Lyndon Fagan upgraded Lynas Rare Earths to a Hold yesterday and set a price target of A$15.00. The company’s shares closed yesterday at $9.90.

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Fagan covers the Basic Materials sector, focusing on stocks such as IGO, Mineral Resources Limited, and South32. According to TipRanks, Fagan has an average return of 7.9% and a 62.78% success rate on recommended stocks.

Lynas Rare Earths has an analyst consensus of Hold, with a price target consensus of $9.54, which is a -3.64% downside from current levels. In a report released yesterday, TD Cowen also maintained a Hold rating on the stock with a A$14.00 price target.

LYSCF market cap is currently $9.76B and has a P/E ratio of 1,767.86.

Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LYSCF in relation to earlier this year.