African Barrick Gold PLC Price Target Increased to GBX 240 by Analysts at Deutsche Bank (ABG)
Analysts at Deutsche Bank raised their price objective on shares of African Barrick Gold PLC (LON:ABG) from GBX 190 ($3.12) to GBX 240 ($3.94) in a research report issued to clients and investors on Thursday, ARN reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target would indicate a potential downside of 12.06% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Beaufort Securities reiterated a “sell” rating on shares of African Barrick Gold PLC in a research note on Thursday. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of African Barrick Gold PLC from GBX 200 ($3.28) to GBX 270 ($4.43) in a research note on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at Westhouse Securities upgraded shares of African Barrick Gold PLC to a “neutral” rating in a research note on Wednesday. They now have a GBX 225 ($3.69) price target on the stock, up previously from GBX 160 ($2.63). Ten research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of GBX 199.03 ($3.27).
Shares of 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 315.00. 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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