Professional Analysts at Beaufort Securities Kept their Speculative Buy rating for Legendary Investments PLC (LON:LEG). The Target is Set to GBX 0.70; Causeway Capital Management Boosted Cnooc LTD (CEO) Position

January 3, 2018 - By Ellis Scott

Causeway Capital Management Llc increased Cnooc Ltd (CEO) stake by 10.46% reported in 2017Q3 SEC filing. Causeway Capital Management Llc acquired 14,843 shares as Cnooc Ltd (CEO)’s stock declined 2.67%. The Causeway Capital Management Llc holds 156,798 shares with $20.34 million value, up from 141,955 last quarter. Cnooc Ltd now has $73.19 billion valuation. The stock increased 1.36% or $2 during the last trading session, reaching $149.54. About 14,815 shares traded. CNOOC Limited (NYSE:CEO) has risen 2.20% since January 3, 2017 and is uptrending. It has underperformed by 14.50% the S&P500.

In a report revealed to clients on today, Beaufort Securities restate their Speculative Buy rating on Legendary Investments PLC (LON:LEG)‘s stock. The target price per share means a potential upside of 438.46% from firm’s last price.

The stock decreased 8.46% or GBX 0.011 during the last trading session, reaching GBX 0.119. About 14.93 million shares traded. Legendary Investments Plc (LON:LEG) has 0.00% since January 3, 2017 and is . It has underperformed by 16.70% the S&P500.

Investors sentiment increased to 1.12 in 2017 Q3. Its up 0.01, from 1.11 in 2017Q2. It is positive, as 43 investors sold Legendary Investments Plc shares while 129 reduced holdings. 51 funds opened positions while 142 raised stakes. 88.88 million shares or 1.22% less from 89.97 million shares in 2017Q2 were reported. Old Republic, Illinois-based fund reported 581,500 shares. Park National Oh has invested 0.03% in Legendary Investments Plc (LON:LEG). Advsr Asset invested 0.01% in Legendary Investments Plc (LON:LEG). Nomura Asset Management Communication Limited reported 18,335 shares. Kcm Advsr Limited Company invested in 13,746 shares or 0.04% of the stock. Macquarie Grp Limited reported 7,000 shares. Sun Life Fincl stated it has 976 shares or 0% of all its holdings. Mufg Americas Corp stated it has 69,042 shares. State Of Wisconsin Board invested in 0.02% or 133,914 shares. Texas Permanent School Fund has invested 0.02% of its portfolio in Legendary Investments Plc (LON:LEG). Amica Mutual owns 10,368 shares. Lpl Fincl Ltd Liability Company stated it has 11,271 shares. United Kingdom-based Barclays Public Ltd Company has invested 0.01% in Legendary Investments Plc (LON:LEG). Principal Financial Gp has invested 0.01% of its portfolio in Legendary Investments Plc (LON:LEG). Fjarde Ap reported 19,624 shares.

Analysts await Legendary Investments Plc (LON:LEG) to report earnings on January, 29. They expect $0.61 EPS, up 15.09% or $0.08 from last year’s $0.53 per share. LEG’s profit will be $20.09M for 0.05 P/E if the $0.61 EPS becomes a reality. After $0.61 actual EPS reported by Legendary Investments Plc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Since July 31, 2017, it had 0 buys, and 2 selling transactions for $982,843 activity. The insider TRENT TAMMY M sold $11,620. FLANIGAN MATTHEW C sold $971,223 worth of stock or 19,589 shares.

Legendary Investments Plc, an investment company, focuses on making investments in and assisting companies that exhibit the potential to generate returns through capital appreciation. The company has market cap of 3.92 million GBP. It primarily invests in small companies in various sectors, including technology, energy, natural resources, and mining in the United Kingdom. It currently has negative earnings.

Causeway Capital Management Llc decreased Qualcomm Inc (NASDAQ:QCOM) stake by 242,417 shares to 3.76 million valued at $195.18 million in 2017Q3. It also reduced Oracle Corp (NYSE:ORCL) stake by 1.14M shares and now owns 5.23 million shares. Ja Solar Holdings Co Ltd (NASDAQ:JASO) was reduced too.

Among 15 analysts covering CNOOC (NYSE:CEO), 9 have Buy rating, 1 Sell and 5 Hold. Therefore 60% are positive. CNOOC had 18 analyst reports since August 24, 2015 according to SRatingsIntel. Bank of America upgraded the shares of CEO in report on Monday, August 31 to “Buy” rating. The rating was upgraded by Credit Suisse to “Neutral” on Thursday, August 27. The stock of CNOOC Limited (NYSE:CEO) has “Buy” rating given on Tuesday, June 21 by BOCOM International. The company was upgraded on Wednesday, May 18 by Nomura. The stock of CNOOC Limited (NYSE:CEO) has “Buy” rating given on Wednesday, July 5 by J.P. Morgan. On Tuesday, December 8 the stock rating was downgraded by Credit Agricole to “Sell”. On Tuesday, August 8 the stock rating was upgraded by Goldman Sachs to “Buy”. On Friday, March 24 the stock rating was upgraded by Macquarie Research to “Outperform”. The firm has “Neutral” rating given on Thursday, August 27 by Bank of America. The rating was upgraded by HSBC on Monday, June 5 to “Buy”.

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