Berenberg Bank Sticks to Its Buy Rating for Vulcan Energy Resources Ltd. (VUL)
Berenberg Bank analyst maintained a Buy rating on Vulcan Energy Resources Ltd. on January 9 and set a price target of A$5.90. The company’s shares closed today at A$4.60.
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Currently, the analyst consensus on Vulcan Energy Resources Ltd. is a Moderate Buy with an average price target of A$10.50, which is a 128.26% upside from current levels. In a report released on January 5, Canaccord Genuity also maintained a Buy rating on the stock with a A$10.50 price target.
Based on Vulcan Energy Resources Ltd.’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$7.58 million and a GAAP net loss of A$23.01 million.
Based on the recent corporate insider activity of 10 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 VUL in relation to earlier this year.
Read More on AU:VUL:
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- Citi Group Entities Exit Substantial Holder Status in Vulcan Energy Resources
- Vulcan Energy Resources Seeks ASX Quotation for 65.7 Million New Shares
- Vulcan Energy Completes Retail Entitlement Offer and Secures Full Phase One Funding
- Mitsubishi UFJ Exits Substantial Holder Position in Vulcan Energy Resources
- Vulcan Energy Declares Substantial Holder Cessation in Equity Structure
