Liberum Capital initiated coverage on shares of Hipgnosis Songs Fund (LON:SONG) in a report released on Thursday, ThisIsMoney.Co.Uk reports. The firm set a “buy” rating and a GBX 116 ($1.52) price target on the stock. Liberum Capital’s target price indicates a potential upside of 8.41% from the stock’s previous close.
SONG stock opened at GBX 107 ($1.40) on Thursday. The firm has a market capitalization of $416.61 million and a PE ratio of 76.43. Hipgnosis Songs Fund has a twelve month low of GBX 0.97 ($0.01) and a twelve month high of GBX 109.50 ($1.43). The stock has a 50-day simple moving average of GBX 106.35 and a two-hundred day simple moving average of GBX 96.39.
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