Initiates Coverage on Obtala (OBT)

began coverage on shares of Obtala (LON:OBT) in a report issued on Tuesday morning. The brokerage issued an accumulate rating on the stock.

A number of other research analysts have also recently commented on OBT. VSA Capital reaffirmed a buy rating and set a GBX 36 ($0.49) price target on shares of Obtala in a research report on Monday, January 8th. Beaufort Securities reaffirmed a speculative buy rating and set a GBX 37.50 ($0.51) price target on shares of Obtala in a research report on Friday, January 5th. Finally, Northland Securities reaffirmed a corporate rating on shares of Obtala in a research report on Tuesday, October 17th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of GBX 36.75 ($0.50).

Obtala (LON OBT) opened at GBX 15.50 ($0.21) on Tuesday. Obtala has a 1 year low of GBX 11.80 ($0.16) and a 1 year high of GBX 25.70 ($0.35). The company has a market capitalization of $46.13 and a price-to-earnings ratio of 310.00.

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Obtala Company Profile

Obtala Limited, formerly Obtala Resources Limited, is engaged in the development of agricultural, food processing and timber projects, the holding of mineral resource licenses, projects and investment in other natural resources exploration and development companies and retail. The Company operates through four segments: Exploration and development, Agriculture and forestry, Investing activities and Retail.

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