Banro PT Lowered to $0.80 (BAA)
Analysts at CIBC lowered their target price on shares of Banro (NYSE:BAA) to $0.80 in a research report issued to clients and investors on Friday, Analyst RN reports. The firm currently has a “sector perform” rating on the stock. CIBC’s target price suggests a potential upside of 27.90% from the company’s current price.
Banro (NYSE:BAA) traded up 0.97% on Friday, hitting $0.626. 394,094 shares of the company’s stock traded hands. Banro has a one year low of $0.56 and a one year high of $4.85. The stock’s 50-day moving average is $0.72 and its 200-day moving average is $0.97. The company has a market cap of $157.8 million and a P/E ratio of 20.67.
Banro (NYSE:BAA) last announced its earnings results on Tuesday, August 13th. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.01. Analysts expect that Banro will post $0.01 EPS for the current fiscal year.
Banro Corporation (NYSE:BAA) is a Canada-based gold exploration company.
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