African Barrick Gold Given “neutral” Rating at HSBC (ABG)
African Barrick Gold (LON:ABG)‘s stock had its “neutral” rating reiterated by analysts at HSBC in a research report issued to clients and investors on Monday, Stock Ratings Network.com reports. They currently have a GBX 170 ($2.75) price target on the stock. HSBC’s price target would suggest a potential downside of 0.18% from the stock’s previous close.
Shares of African Barrick Gold (LON:ABG) traded down 1.62% on Monday, hitting GBX 170.30. 839,125 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 162.3 and its 200-day moving average is GBX 146.. The company’s market cap is £698.4 million.
A number of other firms have also recently commented on ABG. Analysts at Westhouse Securities reiterated a “neutral” rating on shares of African Barrick Gold in a research note to investors on Wednesday, October 16th. They now have a GBX 115 ($1.86) price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of African Barrick Gold in a research note to investors on Wednesday, October 16th. They now have a GBX 250 ($4.04) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of African Barrick Gold in a research note to investors on Tuesday, October 8th. They now have a GBX 145 ($2.35) price target on the stock. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 162.27 ($2.63).
African Barrick Gold Plc. (LON:ABG) is engaged in gold production on Tanzania.
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