African Minerals Group Receives Buy Rating from Deutsche Bank (AMI)
African Minerals Group (LON:AMI)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank in a note issued to investors on Monday, Analyst Ratings Network.com reports. They currently have a GBX 410 ($6.76) price target on the stock. Deutsche Bank’s price target points to a potential upside of 89.37% from the stock’s previous close.
Shares of African Minerals Group (LON:AMI) opened at 218.1799 on Monday. African Minerals Group has a 52-week low of GBX 149.50 and a 52-week high of GBX 352.905. The stock has a 50-day moving average of GBX 195.1 and a 200-day moving average of GBX 198..
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of African Minerals Group from GBX 220 ($3.63) to GBX 230 ($3.79) in a research note to investors on Friday, January 10th. They now have an “underweight” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of African Minerals Group from GBX 345 ($5.69) to GBX 370 ($6.10) in a research note to investors on Thursday, January 9th. They now have a “buy” rating on the stock. Finally, analysts at Credit Suisse reiterated a “neutral” rating on shares of African Minerals Group in a research note to investors on Wednesday, January 8th. They now have a GBX 280 ($4.61) price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 299.69 ($4.94).
African Minerals Limited (LON:AMI) is a minerals exploration, development and production company with interests in Sierra Leone.
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