GLI Finance (LON:GLIF) had its price objective reduced by investment analysts at Liberum Capital from GBX 17.20 ($0.22) to GBX 14 ($0.18) in a research report issued to clients and investors on Friday. The brokerage currently has a “buy” rating on the stock. Liberum Capital’s price target would indicate a potential upside of 188.66% from the company’s previous close.
Shares of GLIF stock opened at GBX 4.85 ($0.06) on Friday. GLI Finance has a 1 year low of GBX 8 ($0.10) and a 1 year high of GBX 23.88 ($0.31).
In other news, insider Emma Stubbs bought 375,455 shares of GLI Finance stock in a transaction that occurred on Friday, February 8th. The stock was bought at an average price of GBX 8 ($0.10) per share, for a total transaction of £30,036.40 ($39,247.88).
GLI Finance Limited provides finance to small and medium sized enterprises (SMEs). The Company’s objective is to produce a stable and predictable dividend yield, with long-term preservation of net asset value, and its investment policy is to invest primarily in senior secured loans. The Company provides loans to SMEs through various finance platforms.
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