African Minerals Group Given New GBX 330 Price Target at Citigroup Inc. (AMI)
Analysts at Citigroup Inc. lifted their price objective on shares of African Minerals Group (LON:AMI) from GBX 320 ($5.13) to GBX 330 ($5.29) in a research report issued to clients and investors on Monday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price objective suggests a potential upside of 105.10% from the company’s current price.
A number of other analysts have also recently weighed in on AMI. Analysts at Investec cut their price target on shares of African Minerals Group (LON:AMI) from GBX 393 ($6.30) to GBX 246 ($3.94) in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of African Minerals Group (LON:AMI) from GBX 550 ($8.81) to GBX 450 ($7.21) in a research note to investors on Thursday, September 12th. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of African Minerals Group (LON:AMI) in a research note to investors on Wednesday, September 11th. They now have a GBX 350 ($5.61) 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 has an average rating of “Buy” and an average price target of GBX 356.22 ($5.71).
Shares of African Minerals Group (LON:AMI) traded down 3.37% during mid-day trading on Monday, hitting GBX 160.8962. The stock had a trading volume of 1,704,374 shares. African Minerals Group has a one year low of GBX 17.25 and a one year high of GBX 362.75. The stock’s 50-day moving average is GBX 196.4 and its 200-day moving average is GBX 220.9.
African Minerals Limited (LON:AMI) is a minerals exploration, development and production company with interests in Sierra Leone.
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