African Barrick Gold Given “Hold” Rating at Deutsche Bank (ABG)
African Barrick Gold (LON:ABG)‘s stock had its “hold” rating reiterated by equities researchers at Deutsche Bank in a research report issued on Tuesday, Analyst Ratings News reports. They currently have a GBX 145 ($2.33) target price on the stock. Deutsche Bank’s price objective points to a potential downside of 4.54% from the company’s current price.
African Barrick Gold (LON:ABG) opened at 152.40 on Tuesday. African Barrick Gold has a 1-year low of GBX 93.50 and a 1-year high of GBX 499.475. The stock has a 50-day moving average of GBX 165.0 and a 200-day moving average of GBX 148.9. The company’s market cap is £625.0 million.
ABG has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of African Barrick Gold in a research note to investors on Monday. They now have a GBX 119 ($1.91) price target on the stock. Separately, 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. 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 equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus 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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