African Barrick Gold Rating Reiterated by Investec (ABG)
African Barrick Gold (LON:ABG)‘s stock had its “sell” rating restated by equities researchers at Investec in a research report issued on Thursday, Analyst Ratings News reports. They currently have a GBX 137 ($2.26) target price on the stock. Investec’s target price would suggest a potential downside of 29.13% from the stock’s previous close.
ABG has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity downgraded shares of African Barrick Gold to a “hold” rating in a research note to investors on Wednesday. They now have a GBX 180 ($2.97) price target on the stock, down previously from GBX 195 ($3.21). Separately, analysts at Liberum Capital downgraded shares of African Barrick Gold to a “sell” rating in a research note to investors on Wednesday. They now have a GBX 147 ($2.42) price target on the stock. Finally, 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. Eight equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. African Barrick Gold presently has an average rating of “Hold” and an average price target of GBX 178.60 ($2.94).
Shares of African Barrick Gold (LON:ABG) traded up 2.22% on Thursday, hitting GBX 193.30. The stock had a trading volume of 665,347 shares. African Barrick Gold has a 1-year low of GBX 93.50 and a 1-year high of GBX 369.00. The stock has a 50-day moving average of GBX 174.6 and a 200-day moving average of GBX 158.4. The company’s market cap is £792.7 million.
African Barrick Gold Plc. (LON:ABG) is engaged in gold production on Tanzania.
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