Broker Insights on Adriatic Metals, LSEG, Emmerson and Quadrise

October 01, 2024 01:54 AM AEST | By Team Kalkine Media

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Broker Insights on Adriatic Metals, LSEG, Emmerson and Quadrise — Image source: Shutterstock

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Highlights:

Adriatic Metals (LSE:ADT1; ASX:ADT) reassures brokers on the potential of its Vares mine despite a difficult year.

Jefferies maintains a positive outlook on London Stock Exchange Group (LSE:LSEG), citing growth potential through market displacement.

Emmerson PLC (LSE:EML) and Quadrise PLC (LSE:QED) present project advancements and potential value creation opportunities in their respective sectors.

A recent site visit to Adriatic Metals PLC’s (LSE:ADT1; ASX:ADT) Vares mine has reaffirmed confidence in the potential of the company’s tier 1 asset, according to broker RBC. Despite this optimism, RBC has adjusted its price target to 300p from 310p due to a challenging year for Adriatic, marked by delays, legal disputes, and leadership changes. The trip highlighted the significant progress the company has made on-site, suggesting a positive outlook for future operations.

Meanwhile, Jefferies has reaffirmed its position on London Stock Exchange Group PLC (LSE:LSEG), maintaining a bullish outlook with a price target of 1,250p. Jefferies identified several growth drivers for LSEG, particularly its ability to displace competitors in key markets. With a focus on strategic expansion, LSEG remains positioned to capitalize on market opportunities and consolidate its leadership in the financial services space.

Emmerson PLC (LSE:EML) has also drawn attention following a recent update, which prompted Panmure Liberum to raise its price target marginally to 17p, up from 16.9p. The update revealed optimism about securing its environmental permit by the fourth quarter, alongside a forthcoming updated resource estimate. The developments suggest that Emmerson is making strides toward advancing its project timelines.

In the energy sector, Quadrise PLC (LSE:QED) continues to draw interest with its potential for transformative value creation. Shore Capital’s analyst Tom Fraine has highlighted the potential of Quadrise’s upcoming shipping fuel pilot with MSC, noting that even a small portion of this opportunity could be worth a multiple of the company’s current enterprise value. The pilot represents a significant opportunity for Quadrise to make a substantial impact in the fuel and energy market.

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