African Barrick Gold Price Target Raised to GBX 145 at Deutsche Bank (ABG)
Equities research analysts at Deutsche Bank increased their price target on shares of African Barrick Gold (LON:ABG) from GBX 137 ($2.19) to GBX 145 ($2.32) in a research note issued to investors on Thursday, AnalystRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective suggests a potential downside of 11.42% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital upgraded shares of African Barrick Gold (LON:ABG) from a “sell” rating to a “hold” rating in a research note to investors on Tuesday. They now have a GBX 147 ($2.35) price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of African Barrick Gold (LON:ABG) from GBX 93 ($1.49) to GBX 119 ($1.91) in a research note to investors on Monday. They now have a “sell” rating on the stock. Finally, analysts at HSBC downgraded shares of African Barrick Gold (LON:ABG) to an “underweight” rating in a research note to investors on Monday, September 16th. They now have a GBX 170 ($2.72) price target on the stock. Seven research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. African Barrick Gold currently has a consensus rating of “Hold” and a consensus price target of GBX 166.52 ($2.67).
African Barrick Gold (LON:ABG) traded up 3.02% on Thursday, hitting GBX 163.70. The stock had a trading volume of 759,516 shares. African Barrick Gold has a 52-week low of GBX 93.50 and a 52-week high of GBX 499.475. The stock has a 50-day moving average of GBX 156.1 and a 200-day moving average of GBX 156.4. The company’s market cap is £671.3 million.
African Barrick Gold Plc. (LON:ABG) is engaged in gold production on Tanzania.
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