Barclays Raises LandBridge Price Target to $79.00

In a recent research note, Barclays has increased its price target for LandBridge (NYSE:LB) from $38.00 to $79.00, reflecting a significant positive outlook for the company's shares. The firm has maintained an "equal weight" rating, suggesting that while they see potential for growth, they remain cautious compared to other investment opportunities.

The updated price target implies a potential increase of 6.58% from LandBridge's current trading price.

Other Analyst Ratings

LandBridge has caught the attention of various other analysts as well. The Royal Bank of Canada reaffirmed its stance with an "underperform" rating, setting a more conservative price objective of $25.00 on December 10th. Meanwhile, Goldman Sachs recently reiterated a "buy" rating with a price target set at $71.00 as of January 3rd. Additionally, Piper Sandler boosted their price target from $39.00 to $79.00 on November 25th, also indicating a more neutral rating for the company.

In total, one analyst has given LandBridge a sell rating, three have provided hold ratings, and six have classified the stock as a buy. According to MarketBeat, the current consensus rating for LandBridge stands at "Moderate Buy" with an average target price of $47.67.

Recent Trading Activity

On Friday, LandBridge's stock experienced a slight decline of 1.5%, bringing the shares down by $1.15 to $74.12. Trading volume reached 92,634 shares, significantly lower than the average volume of 472,352 shares.

Financial metrics for LandBridge show a debt-to-equity ratio of 0.60, along with current and quick ratios both at 0.73. The stock has fluctuated within a fifty-two week range, with a low of $18.75 and a high of $80.82. Over recent months, the fifty-day simple moving average sits at $67.52, while the 200-day moving average stands at $48.96.

Institutional Investments

Several institutional investors have recently adjusted their stakes in LandBridge. For instance, HighTower Advisors LLC increased its holdings by an impressive 370.2% during the third quarter, acquiring an additional 54,048 shares. Analysts observed similar interest from OneDigital Investment Advisors LLC, which took a new position valued at approximately $383,000 during the same quarter.

Moreover, FMR LLC also heightened its investment by 40.5%, now owning more than 2.3 million shares valued at $93,032,000. International Assets Investment Management LLC and Horizon Kinetics Asset Management LLC have also made noteworthy additions to their portfolios in LandBridge.

About LandBridge

LandBridge Company LLC specializes in owning and managing land and resources to facilitate oil and natural gas development across the United States. The company controls surface acres primarily located within the Delaware Basin in Texas and New Mexico. Additionally, LandBridge holds a portfolio of oil and gas royalties and has ventures selling brackish water along with other surface composite materials.

Stock, Investment, Analyst