Centamin Stock Rating Reaffirmed by Liberum Capital (CEY)
Centamin (LON:CEY)‘s stock had its “buy” rating reiterated by analysts at Liberum Capital in a research report issued to clients and investors on Wednesday, American Banking News reports. They currently have a GBX 63 ($1.04) target price on the stock. Liberum Capital’s price objective would suggest a potential upside of 36.48% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Centamin in a research note to investors on Tuesday. They now have a GBX 55 ($0.91) price target on the stock. Separately, analysts at Numis Securities Ltd cut their price target on shares of Centamin from GBX 70 ($1.15) to GBX 60 ($0.99) in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of GBX 53.08 ($0.87).
Shares of Centamin (LON:CEY) traded down 0.99% on Wednesday, hitting GBX 46.16. 3,998,843 shares of the company’s stock traded hands. Centamin has a 52 week low of GBX 27.199 and a 52 week high of GBX 71.10. The stock’s 50-day moving average is GBX 43. and its 200-day moving average is GBX 43.26. The company’s market cap is £508.4 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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