African Barrick Gold PT Raised to GBX 205 at Canaccord Genuity (ABG)
Investment analysts at Canaccord Genuity upped their target price on shares of African Barrick Gold (LON:ABG) from GBX 180 ($2.97) to GBX 205 ($3.38) in a note issued to investors on Wednesday, Analyst Ratings.Net reports. The firm currently has a “hold” rating on the stock. Canaccord Genuity’s price target points to a potential downside of 3.67% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of African Barrick Gold in a research note to investors on Monday. They now have a GBX 190 ($3.13) price target on the stock. Separately, analysts at Liberum Capital reiterated a “sell” rating on shares of African Barrick Gold in a research note to investors on Friday, January 24th. They now have a GBX 154 ($2.54) price target on the stock. Finally, 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). Ten investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 181.34 ($2.99).
African Barrick Gold (LON:ABG) opened at 217.50 on Wednesday. African Barrick Gold has a 1-year low of GBX 93.50 and a 1-year high of GBX 369.00. The stock’s 50-day moving average is GBX 185.0 and its 200-day moving average is GBX 164.. The company’s market cap is £891.9 million.
African Barrick Gold Plc. (LON:ABG) is engaged in gold production on Tanzania.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.