JPMorgan Chase & Co. Increases African Barrick Gold PLC Price Target to GBX 270 (ABG)
Stock analysts at JPMorgan Chase & Co. lifted their price target on shares of African Barrick Gold PLC (LON:ABG) from GBX 200 ($3.28) to GBX 270 ($4.43) in a report issued on Thursday, StockRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential downside of 1.06% from the company’s current price.
A number of other analysts have also recently weighed in on ABG. 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). Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of African Barrick Gold PLC in a research note on Wednesday. They now have a GBX 205 ($3.36) price target on the stock. Finally, analysts at Investec reiterated a “sell” rating on shares of African Barrick Gold PLC in a research note on Wednesday. Ten investment 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. The company currently has a consensus rating of “Hold” and an average price target 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. The stock had a trading volume of 2,488,597 shares. African Barrick Gold PLC has a 52-week low of GBX 93.50 and a 52-week 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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