African Barrick Gold PLC Rating Increased to Overweight at HSBC (ABG)
African Barrick Gold PLC (LON:ABG) was upgraded by equities researchers at HSBC to an “overweight” rating in a research report issued on Thursday, StockRatingsNetwork.com reports. The firm currently has a GBX 310 ($5.21) price objective on the stock, up from their previous price objective of GBX 280 ($4.70). HSBC’s price target would suggest a potential upside of 22.10% from the company’s current price.
A number of other analysts have also recently weighed in on ABG. Analysts at Westhouse Securities reiterated a “neutral” rating on shares of African Barrick Gold PLC in a research note on Wednesday. They now have a GBX 225 ($3.78) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “sell” rating on shares of African Barrick Gold PLC in a research note on Wednesday, April 16th. Finally, analysts at Numis Securities Ltd upgraded shares of African Barrick Gold PLC to a “hold” rating in a research note on Friday, April 11th. They now have a GBX 260 ($4.37) price target on the stock, up previously from GBX 170 ($2.86). Eight analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of GBX 241.39 ($4.05).
Shares of African Barrick Gold PLC (LON:ABG) traded up 1.56% during mid-day trading on Thursday, hitting GBX 253.90. 1,092,879 shares of the company’s stock traded hands. African Barrick Gold PLC has a 1-year low of GBX 93.50 and a 1-year high of GBX 322.30. The stock has a 50-day moving average of GBX 260.0 and a 200-day moving average of GBX 213.6. The company’s market cap is £1.041 billion.
African Barrick Gold plc (LON:ABG) is a United Kingdom-based company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.