Centamin Price Target Cut to GBX 60 by Analysts at Numis Securities Ltd (CEY)
Investment analysts at Numis Securities Ltd reduced their price objective on shares of Centamin (LON:CEY) from GBX 70 ($1.15) to GBX 60 ($0.99) in a note issued to investors on Monday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Numis Securities Ltd’s target price points to a potential upside of 28.98% from the stock’s previous close.
A number of other firms have also recently commented on CEY. Analysts at RBC Capital reiterated an “outperform” rating on shares of Centamin in a research note to investors on Monday, January 6th. They now have a GBX 60 ($0.99) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “speculative buy” rating on shares of Centamin in a research note to investors on Monday, January 6th. They now have a GBX 60 ($0.99) price target on the stock. Finally, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Centamin in a research note to investors on Monday, January 6th. They now have a GBX 55 ($0.91) price target on the stock. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of GBX 53.92 ($0.89).
Shares of Centamin (LON:CEY) opened at 46.41 on Monday. Centamin has a one year low of GBX 27.199 and a one year high of GBX 71.10. The stock’s 50-day moving average is GBX 43.46 and its 200-day moving average is GBX 42.7. The company’s market cap is £511.2 million.
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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