African Minerals Group Receives “Buy” Rating from Jefferies Group (AMI)
African Minerals Group (LON:AMI)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group in a research report issued to clients and investors on Thursday, StockRatingsNetwork reports. They currently have a GBX 300 ($4.81) price target on the stock. Jefferies Group’s price target points to a potential upside of 35.87% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Macquarie cut their price target on shares of African Minerals Group (LON:AMI) from GBX 307 ($4.92) to GBX 280 ($4.49) in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of African Minerals Group (LON:AMI) from GBX 450 ($7.21) to GBX 423 ($6.78) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 335.90 ($5.38).
Shares of African Minerals Group (LON:AMI) traded up 40.41% during mid-day trading on Thursday, hitting GBX 220.7955. The stock had a trading volume of 20,260,668 shares. African Minerals Group has a 1-year low of GBX 149.50 and a 1-year high of GBX 362.75. The stock has a 50-day moving average of GBX 196.4 and a 200-day moving average of 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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