African Barrick Gold PLC Given New GBX 170 Price Target at Numis Securities Ltd (ABG)
Equities researchers at Numis Securities Ltd lifted their price target on shares of African Barrick Gold PLC (LON:ABG) from GBX 130 ($2.13) to GBX 170 ($2.79) in a research report issued on Thursday, AnalystRatings.Net reports. The firm currently has a “sell” rating on the stock. Numis Securities Ltd’s price objective indicates a potential downside of 37.71% from the company’s current price.
A number of other analysts have also recently weighed in on ABG. Analysts at Barclays reiterated an “underweight” rating on shares of African Barrick Gold PLC in a research note on Thursday. They now have a GBX 200 ($3.28) price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of African Barrick Gold PLC from GBX 190 ($3.12) to GBX 240 ($3.94) in a research note on Thursday. They now have a “hold” rating on the stock. Finally, analysts at Beaufort Securities reiterated a “sell” rating on shares of African Barrick Gold PLC in a research note on Thursday. Ten research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. African Barrick Gold PLC has a consensus rating of “Hold” and a consensus target price of GBX 199.03 ($3.27).
African Barrick Gold PLC (LON:ABG) traded up 8.29% during mid-day trading on Thursday, hitting GBX 272.90. 2,488,597 shares of the company’s stock traded hands. African Barrick Gold PLC has a one year low of GBX 93.50 and a one year high of GBX 306.496. The stock’s 50-day moving average is GBX 208.6 and its 200-day moving average is GBX 174.4. The company’s market cap is £1.119 billion.
African Barrick Gold plc (LON:ABG) is a United Kingdom-based company.
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