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Investment analysts at Beaufort Securities initiated coverage on shares of Cambria Africa PLC (LON:CMB) in a note issued to investors on Wednesday, Analyst Ratings News reports. The firm set a “speculative buy” rating and a GBX 15 ($0.25) price target on the stock. Beaufort Securities’ target price indicates a potential upside of 106.90% from the stock’s previous close.

Cambria Africa PLC (LON:CMB) opened at 7.57 on Wednesday. Cambria Africa PLC has a 52-week low of GBX 8.00 and a 52-week high of GBX 10.20. The stock’s 50-day moving average is GBX 0.08 and its 200-day moving average is GBX 0.08.

Cambria Africa Plc is an investment company with a portfolio of investments in Zimbabwe. The Company’s investment objective is to provide Shareholders with long term capital appreciation through the investment of its capital primarily in Zimbabwe and, if appropriate, the region of Mozambique known as the Beira Corridor.

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