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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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