Numis Securities Ltd upgraded shares of Allied Minds PLC (LON:ALM) to a buy rating in a research note issued to investors on Wednesday morning. They currently have GBX 170 ($2.20) target price on the stock, up from their prior target price of GBX 165 ($2.13).

Separately, Jefferies Group LLC restated a hold rating and set a GBX 176 ($2.27) price target on shares of Allied Minds PLC in a research note on Wednesday, July 12th.

Allied Minds PLC (LON:ALM) opened at 120.00 on Wednesday. The stock’s 50 day moving average is GBX 145.21 and its 200 day moving average is GBX 198.82. Allied Minds PLC has a 12-month low of GBX 114.00 and a 12-month high of GBX 475.00. The stock’s market capitalization is GBX 285.05 million.

Allied Minds PLC (LON:ALM) last posted its quarterly earnings data on Wednesday, August 23rd. The company reported ($0.19) earnings per share for the quarter. Allied Minds PLC had a negative net margin of 2,944.06% and a negative return on equity of 78.19%. Equities research analysts forecast that Allied Minds PLC will post ($0.42) EPS for the current fiscal year.

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About Allied Minds PLC

Allied Minds PLC (Allied Minds) is an intellectual property (IP) commercialization company. The Company is focused on venture creation within the life science and technology sectors. With extensive access to hundreds of university and federal laboratories across the United States, Allied Minds forms, funds, and operates a portfolio of companies to generate long-term value for its investors and stakeholders.

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