Berenberg Bank Reiterates "Buy" Rating for Rainbow Rare Earths (LON:RBW)

Rainbow Rare Earths (LON:RBW - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Berenberg Bank in a research note issued on Friday, Marketbeat reports. They currently have a GBX 38 ($0.48) price objective on the stock. Berenberg Bank's price target would suggest a potential upside of 216.67% from the company's current price.

Separately, Canaccord Genuity Group reiterated a "speculative buy" rating and issued a GBX 21 ($0.27) price target on shares of Rainbow Rare Earths in a report on Wednesday, September 18th.

Rainbow Rare Earths Price Performance

LON:RBW remained flat at GBX 12 ($0.15) during mid-day trading on Friday. The company had a trading volume of 1,149,523 shares, compared to its average volume of 556,539. The company has a quick ratio of 3.79, a current ratio of 2.66 and a debt-to-equity ratio of 3.90. The stock has a market cap of £77.24 million, a P/E ratio of -600.00 and a beta of 2.25. Rainbow Rare Earths has a fifty-two week low of GBX 8.50 ($0.11) and a fifty-two week high of GBX 14.50 ($0.18). The business has a fifty day simple moving average of GBX 11.89 and a 200 day simple moving average of GBX 11.10.

About Rainbow Rare Earths

Rainbow Rare Earths Limited engages in the mining and exploration of rare earth minerals. It explores for neodymium, dysprosium, terbium, and praseodymium deposits. The company holds 90% interest in the Gakara project covering an area of approximately 135 square kilometers located in Western Burundi.