African Minerals Group Price Target Lowered to GBX 423 at Deutsche Bank (AMI)
Investment analysts at Deutsche Bank cut their target price on shares of African Minerals Group (LON:AMI) from GBX 450 ($7.21) to GBX 423 ($6.78) in a note issued to investors on Thursday, Analyst Ratings.Net reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target indicates a potential upside of 91.58% from the company’s current price.
A number of other firms have also recently commented on AMI. Analysts at Citigroup Inc. raised their price target on shares of African Minerals Group (LON:AMI) from GBX 320 ($5.13) to GBX 330 ($5.29) in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of African Minerals Group (LON:AMI) in a research note to investors on Friday, September 20th. They now have a GBX 246 ($3.94) price target on the stock, down previously from GBX 393 ($6.30). One analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of GBX 335.90 ($5.38).
African Minerals Group (LON:AMI) traded up 40.41% on Thursday, hitting GBX 220.7955. The stock had a trading volume of 20,260,668 shares. African Minerals Group has a 52-week low of GBX 149.50 and a 52-week 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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