African Barrick Gold Downgraded by Liberum Capital to Sell (ABG)
African Barrick Gold (LON:ABG) was downgraded by analysts at Liberum Capital to a “sell” rating in a research report issued to clients and investors on Wednesday, American Banking and Market News reports. They currently have a GBX 147 ($2.42) target price on the stock. Liberum Capital’s price target would indicate a potential downside of 22.26% from the company’s current price.
A number of other firms have also recently commented on ABG. Analysts at Deutsche Bank cut their price target on shares of African Barrick Gold from GBX 190 ($3.13) to GBX 180 ($2.97) in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “sell” rating on shares of African Barrick Gold in a research note to investors on Tuesday. They now have a GBX 140 ($2.31) price target on the stock. Finally, analysts at Numis Securities Ltd downgraded shares of African Barrick Gold to a “sell” rating in a research note to investors on Monday. They now have a GBX 120 ($1.98) price target on the stock. Eight investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 178.60 ($2.94).
African Barrick Gold Plc. (LON:ABG) is engaged in gold production on Tanzania.
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