Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five’s (NYSE:FOIL – Get Free Report) quiet period is set to expire on Monday, September 21st. Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five had issued 4,300,000 shares in its initial public offering on August 12th. The total size of the offering was $94,600,000 based on an initial share price of $22.00. During Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. Cantor Fitzgerald started coverage on shares of Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five in a report on Tuesday, September 8th. They issued an “overweight” rating and a $31.00 price objective for the company. Wall Street Zen raised shares of Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five to a “hold” rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $31.00.
Get Our Latest Stock Report on FOIL
Londian Wason New Energy Tech Inc. American Depositary Shares, each representing five Stock Performance
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