Centamin Given “Buy” Rating at Investec (CEY)
Centamin (LON:CEY)‘s stock had its “buy” rating restated by investment analysts at Investec in a note issued to investors on Wednesday, Stock Ratings Network.com reports. They currently have a GBX 50 ($0.80) price objective on the stock. Investec’s target price would indicate a potential upside of 11.06% from the stock’s previous close.
Centamin (LON:CEY) opened at 45.94 on Wednesday. Centamin has a 1-year low of GBX 19.00 and a 1-year 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 £506.0 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated a “sector perform” rating on shares of Centamin in a research note to investors on Wednesday. They now have a GBX 70 ($1.12) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “buy” rating on shares of Centamin in a research note to investors on Wednesday. They now have a GBX 50 ($0.80) price target on the stock. Finally, analysts at Societe Generale reiterated a “hold” rating on shares of Centamin in a research note to investors on Monday. They now have a GBX 38 ($0.61) price target on the stock. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 52.54 ($0.84).
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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