Numis Securities Ltd Reiterates Hold Rating for African Barrick Gold PLC (ABG)
African Barrick Gold PLC (LON:ABG)‘s stock had its “hold” rating restated by Numis Securities Ltd in a research note issued on Friday, Analyst Ratings Network reports. They currently have a GBX 260 ($4.37) price objective on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 2.40% from the company’s current price.
Shares of African Barrick Gold PLC (LON:ABG) traded up 1.56% during mid-day trading on Friday, hitting GBX 253.90. The stock had a trading volume of 1,092,879 shares. African Barrick Gold PLC has a one year low of GBX 93.50 and a one year high of GBX 322.30. The stock’s 50-day moving average is GBX 260.0 and its 200-day moving average is GBX 213.6. The company’s market cap is £1.041 billion.
A number of other analysts have also recently weighed in on ABG. Analysts at Deutsche Bank cut their price target on shares of African Barrick Gold PLC from GBX 310 ($5.21) to GBX 300 ($5.04) in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of African Barrick Gold PLC in a research note on Thursday. They now have a GBX 330 ($5.54) 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 Thursday. They now have a GBX 212 ($3.56) price target on the stock. Eight research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. African Barrick Gold PLC has an average rating of “Hold” and a consensus price target of GBX 241.39 ($4.05).
African Barrick Gold plc (LON:ABG) is a United Kingdom-based company.
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