OREANDA-NEWS. On 04 July 2008 was announced, that JP Morgan equity research analyst Elena Jouronova initiated coverage of LSR Group with a target price of US\\$19/GDR and a ‘Neutral’ recommendation.

Elena Jouronova says:

“We see significant upside potential for LSR stock that is reflected in our target price of US\\$ 19/GDR. Since the stock that demonstrated good post-IPO performance is currently priced higher than other sector peers on multiples basis we assign it our “Neutral” rating.

“Thanks to integrated business model combining real estate and building materials businesses we see LSR one of the safest choices in the sector today”.