African Minerals Group Price Target Cut to GBX 450 (AMI)
Analysts at Deutsche Bank dropped their target price on shares of African Minerals Group (LON:AMI) from GBX 550 ($8.60) to GBX 450 ($7.04) in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price would indicate a potential upside of 169.46% from the company’s current price.
AMI has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. cut their price target on shares of African Minerals Group (LON:AMI) from GBX 380 ($5.94) to GBX 320 ($5.00) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of African Minerals Group (LON:AMI) in a research note to investors on Wednesday. They now have a GBX 350 ($5.47) price target on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of African Minerals Group (LON:AMI) in a research note to investors on Wednesday. They now have a GBX 250 ($3.91) price target on the stock.
One analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 378.75 ($5.92).
Shares of African Minerals Group (LON:AMI) traded up 1.50% during mid-day trading on Thursday, hitting GBX 169.50. The stock had a trading volume of 4,984,570 shares. The stock has a 50-day moving average of GBX 209.0 and a 200-day moving average of GBX 225.8.
African Minerals Limited (LON:AMI) is a minerals exploration, development and production company with interests in Sierra Leone.
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