The Goldman Sachs Group Raises LandBridge (NYSE:LB) Price Target to $43.00

LandBridge (NYSE:LB) had its price target boosted by The Goldman Sachs Group from $38.00 to $43.00 in a report issued on Tuesday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Johnson Rice began coverage on LandBridge in a report on Wednesday, July 24th. They issued a buy rating and a $35.00 price objective for the company. Raymond James started coverage on shares of LandBridge in a research note on Tuesday, July 23rd. They set an outperform rating and a $34.00 price objective on the stock. Janney Montgomery Scott began coverage on shares of LandBridge in a research note on Thursday, July 25th. They issued a buy rating and a $36.00 target price for the company. Barclays started coverage on shares of LandBridge in a research report on Tuesday, July 23rd. They set an equal weight rating and a $29.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on shares of LandBridge from $34.00 to $36.00 and gave the stock an overweight rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, LandBridge has a consensus rating of Moderate Buy and an average price target of $35.29.

LandBridge Price Performance

Shares of LandBridge stock opened at $46.99 on Tuesday. The business’s fifty day simple moving average is $37.82. LandBridge has a 1 year low of $18.75 and a 1 year high of $48.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LB. Requisite Capital Management LLC acquired a new position in LandBridge in the 3rd quarter valued at $293,000. M&R Capital Management Inc. acquired a new stake in LandBridge during the 3rd quarter worth $39,000. Point72 DIFC Ltd purchased a new stake in shares of LandBridge during the second quarter worth $497,000. Ghisallo Capital Management LLC acquired a new stake in shares of LandBridge in the second quarter valued at about $1,158,000. Finally, Marshall Wace LLP purchased a new position in shares of LandBridge in the second quarter worth about $1,158,000.

LandBridge Company Profile

LandBridge Company LLC owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties. It also sells brackish water and other surface composite materials.