Centamin Stock Rating Upgraded by Davy Research (CEY)
Centamin (LON:CEY) was upgraded by investment analysts at Davy Research to an “outperform” rating in a note issued to investors on Friday, Stock Ratings Network reports. The firm currently has a GBX 54 ($0.86) target price on the stock, up from their previous target price of GBX 45 ($0.72). Davy Research’s price objective would suggest a potential upside of 15.78% from the stock’s previous close.
A number of other firms have also recently commented on CEY. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of Centamin (LON:CEY) in a research note to investors on Friday. They now have a GBX 60 ($0.96) price target on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Centamin (LON:CEY) in a research note to investors on Tuesday. They now have a GBX 67 ($1.07) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Centamin (LON:CEY) in a research note to investors on Monday. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of GBX 52.33 ($0.84).
Shares of Centamin (LON:CEY) opened at 45.58 on Friday. Centamin has a 52 week low of GBX 19.00 and a 52 week high of GBX 108.30. The stock’s 50-day moving average is GBX 40.91 and its 200-day moving average is GBX 41.46. The company’s market cap is £502.0 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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