Centamin’s Neutral Rating Reaffirmed at Citigroup Inc. (CEY)
Centamin (LON:CEY)‘s stock had its “neutral” rating reaffirmed by stock analysts at Citigroup Inc. in a report issued on Monday, American Banking News reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Centamin (LON:CEY) in a research note to investors on Tuesday, September 17th. They now have a GBX 55 ($0.88) price target on the stock. Separately, analysts at Investec raised their price target on shares of Centamin (LON:CEY) from GBX 45.60 ($0.73) to GBX 50 ($0.80) in a research note to investors on Tuesday, September 10th. They now have a “buy” rating on the stock.
One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. Centamin currently has a consensus rating of “Hold” and a consensus price target of GBX 51.36 ($0.82).
Centamin (LON:CEY) traded down 1.52% on Monday, hitting GBX 44.81. 3,165,679 shares of the company’s stock traded hands. Centamin has a 52 week low of GBX 9.50 and a 52 week high of GBX 108.30. The stock has a 50-day moving average of GBX 40.91 and a 200-day moving average of GBX 41.46. The company’s market cap is £493.5 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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