Centamin Given New $1.00 Price Target at Investec (CEY)

Analysts at Investec decreased their price target on shares of Centamin (LON: CEY) from $1.09 (72 GBX) to $1.00 (66 GBX) in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the stock.

A number of other analysts have also recently weighed in on CEY. Analysts at Societe Generale raised their price target on shares of Centamin from $0.72 to $0.82 in a research note to investors on Thursday, March 14th. They now have a “hold” rating on the stock. Separately, analysts at RBC Capital reiterated a “sector perform” rating on shares of Centamin in a research note to investors on Thursday, March 14th. They now have a $1.19 price target on the stock. Finally, analysts at Fox-Davies Capital reiterated a “hold” rating on shares of Centamin in a research note to investors on Thursday, March 14th. They now have a $0.66 price target on the stock.

Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Centamin currently has a consensus rating of “Buy” and an average price target of $1.19 (79 GBX).

Centamin (LON: CEY) traded down 0.42% on Friday, hitting GBX 58.65. Centamin has a 1-year low of GBX 19.00 and a 1-year high of GBX 108.30. The stock’s 50-day moving average is currently GBX 88.41. The company’s market cap is £646.0 million.

Centamin plc is the ultimate holding company. The Company, along with its subsidiaries, is engaged in the business of exploration for precious and base metals.

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