African Barrick Gold Rating Increased to Neutral at Westhouse Securities (ABG)
African Barrick Gold (LON:ABG) was upgraded by analysts at Westhouse Securities to a “neutral” rating in a research report issued to clients and investors on Wednesday, ARN reports. The firm currently has a GBX 225 ($3.69) price target on the stock, up from their previous price target of GBX 160 ($2.63). Westhouse Securities’ target price would suggest a potential downside of 5.38% from the company’s current price.
Shares of African Barrick Gold (LON:ABG) traded up 4.87% on Wednesday, hitting GBX 251.70. The stock had a trading volume of 1,050,341 shares. African Barrick Gold has a 1-year low of GBX 93.50 and a 1-year high of GBX 348.861. The stock’s 50-day moving average is GBX 202.8 and its 200-day moving average is GBX 172.. The company’s market cap is £1.032 billion.
A number of other analysts have also recently weighed in on ABG. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of African Barrick Gold in a research note on Wednesday. They now have a GBX 205 ($3.36) price target on the stock. Separately, analysts at Investec reiterated a “sell” rating on shares of African Barrick Gold in a research note on Wednesday. Finally, analysts at Davy Research reiterated an “underperform” rating on shares of African Barrick Gold in a research note on Tuesday. Nine equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 189.03 ($3.10).
African Barrick Gold Plc. (LON:ABG) is engaged in gold production on Tanzania.
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