Citigroup Inc. Reiterates Sell Rating for African Barrick Gold (ABG)
African Barrick Gold (LON:ABG)‘s stock had its “sell” rating restated by stock analysts at Citigroup Inc. in a report issued on Monday, Analyst Ratings Net reports. They currently have a GBX 119 ($1.91) price target on the stock. Citigroup Inc.’s price objective indicates a potential downside of 22.43% from the stock’s previous close.
African Barrick Gold (LON:ABG) traded down 0.91% on Monday, hitting GBX 152.00. 136,003 shares of the company’s stock traded hands. African Barrick Gold has a one year low of GBX 93.50 and a one year high of GBX 499.475. The stock’s 50-day moving average is GBX 156.1 and its 200-day moving average is GBX 156.4. The company’s market cap is £623.3 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of African Barrick Gold in a research note to investors on Friday, September 27th. They now have a GBX 240 ($3.85) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of African Barrick Gold from GBX 137 ($2.20) to GBX 145 ($2.33) in a research note to investors on Thursday, September 26th. They now have a “hold” rating on the stock. Finally, analysts at Liberum Capital upgraded shares of African Barrick Gold from a “sell” rating to a “hold” rating in a research note to investors on Tuesday, September 24th. They now have a GBX 147 ($2.36) price target on the stock. Seven investment 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. The company presently has an average rating of “Hold” and an average price target of GBX 162.27 ($2.60).
African Barrick Gold Plc. (LON:ABG) is engaged in gold production on Tanzania.
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