Centamin Stock Rating Reaffirmed by Societe Generale (CEY)
Centamin (LON:CEY)‘s stock had its “hold” rating restated by analysts at Societe Generale in a research report issued to clients and investors on Monday, Analyst RN reports. They currently have a GBX 38 ($0.61) price target on the stock. Societe Generale’s price objective points to a potential downside of 15.93% from the company’s current price.
Centamin (LON:CEY) opened at 44.76 on Monday. Centamin has a 52-week low of GBX 19.00 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 £493.0 million.
Several other analysts have also recently commented on the stock. Analysts at Merrill Lynch cut their price target on shares of Centamin from GBX 74 ($1.19) to GBX 60 ($0.96) in a research note to investors on Friday, September 27th. They now have a “buy” rating on the stock. Separately, analysts at Davy Research upgraded shares of Centamin from a “neutral” rating to an “outperform” rating in a research note to investors on Friday, September 27th. They now have a GBX 54 ($0.87) price target on the stock, up previously from GBX 45 ($0.72). Finally, analysts at Bank of America Corp. reiterated a “buy” rating on shares of Centamin in a research note to investors on Friday, September 27th. They now have a GBX 60 ($0.96) price target on the stock. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of GBX 52.92 ($0.85).
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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