African Barrick Gold’s Hold Rating Reaffirmed at Deutsche Bank (ABG)
African Barrick Gold (LON:ABG)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank in a report released on Monday, AnalystRatings.Net reports. They currently have a GBX 190 ($3.13) price target on the stock. Deutsche Bank’s price target points to a potential downside of 10.46% from the stock’s previous close.
African Barrick Gold (LON:ABG) traded down 3.94% during mid-day trading on Monday, hitting GBX 212.20. 978,447 shares of the company’s stock traded hands. African Barrick Gold has a 52 week low of GBX 93.50 and a 52 week high of GBX 369.00. The stock has a 50-day moving average of GBX 181.8 and a 200-day moving average of GBX 162.3. The company’s market cap is £870.2 million.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “sell” rating on shares of African Barrick Gold in a research note to investors on Friday. They now have a GBX 154 ($2.54) price target on the stock. Separately, analysts at HSBC downgraded shares of African Barrick Gold to an “underweight” rating in a research note to investors on Wednesday, January 22nd. They now have a GBX 160 ($2.64) price target on the stock, down previously from GBX 200 ($3.30). Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of African Barrick Gold from GBX 170 ($2.80) to GBX 200 ($3.30) in a research note to investors on Wednesday, January 22nd. They now have a “neutral” rating on the stock. Ten equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 180.03 ($2.97).
African Barrick Gold Plc. (LON:ABG) is engaged in gold production on Tanzania.
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