Citi Reaffirms Their Buy Rating on Whitehaven Coal Limited (WHITF)
In a report released today, Paul McTaggart from Citi maintained a Buy rating on Whitehaven Coal Limited (WHITF – Research Report), with a price target of A$7.40. The company's shares closed today at $3.80.
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McTaggart covers the Basic Materials sector, focusing on stocks such as South32, Iluka Resources Limited, and Rio Tinto Limited. According to TipRanks, McTaggart has an average return of 9.5% and a 55.52% success rate on recommended stocks.
In addition to Citi, Whitehaven Coal Limited also received a Buy from Ord Minnett's Tim Elder in a report issued today. However, on June 5, Goldman Sachs maintained a Hold rating on Whitehaven Coal Limited (Other OTC: WHITF).
The company has a one-year high of $6.16 and a one-year low of $2.50. Currently, Whitehaven Coal Limited has an average volume of 20.11K.
Based on the recent corporate insider activity of 12 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 WHITF in relation to earlier this year.
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