African Barrick Gold PLC Stock Rating Reaffirmed by Barclays (ABG)
African Barrick Gold PLC (LON:ABG)‘s stock had its “underweight” rating restated by equities researchers at Barclays in a research report issued on Thursday, Analyst RN reports. They currently have a GBX 200 ($3.28) price objective on the stock. Barclays’ price objective indicates a potential downside of 26.71% from the company’s current price.
African Barrick Gold PLC (LON:ABG) traded up 6.21% during mid-day trading on Thursday, hitting GBX 254.90. 1,081,645 shares of the company’s stock traded hands. African Barrick Gold PLC has a 52 week low of GBX 93.50 and a 52 week 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 £1.045 billion.
ABG has been the subject of a number of other recent research reports. 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. Separately, analysts at Beaufort Securities reiterated a “sell” rating on shares of African Barrick Gold PLC in a research note on Thursday. Finally, 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. Ten analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. African Barrick Gold PLC has a consensus rating of “Hold” and an average price target of GBX 199.03 ($3.27).
African Barrick Gold plc (LON:ABG) is a United Kingdom-based company.
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