Citigroup Reiterates “Neutral” Rating for Contourglobal (GLO)

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Contourglobal (LON:GLO)‘s stock had its “neutral” rating reaffirmed by Citigroup in a research note issued to investors on Wednesday, August 29th.

Separately, Royal Bank of Canada upped their price target on shares of Contourglobal from GBX 310 ($4.00) to GBX 325 ($4.19) and gave the stock an “outperform” rating in a research report on Tuesday, August 21st.

Shares of Contourglobal stock opened at GBX 208 ($2.68) on Wednesday. Contourglobal has a fifty-two week low of GBX 226.50 ($2.92) and a fifty-two week high of GBX 305.60 ($3.94).

In related news, insider Daniel Camus purchased 17,500 shares of Contourglobal stock in a transaction that occurred on Tuesday, June 19th. The stock was purchased at an average price of GBX 215 ($2.77) per share, for a total transaction of £37,625 ($48,535.86).

Contourglobal Company Profile

ContourGlobal plc, together with its subsidiaries, acquires, owns, develops, and operates wholesale power generation businesses in Europe, Latin America, Africa, and the Caribbean islands. The company operates in Thermal Energy and Renewable Energy segments. The Thermal segment uses coal, lignite, natural gas, fuel oil, and diesel to generate electricity.

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