African Minerals Limited Given New GBX 324 Price Target at Deutsche Bank (AMI)
Research analysts at Deutsche Bank decreased their price target on shares of African Minerals Limited (LON:AMI) from GBX 335 ($5.64) to GBX 324 ($5.46) in a report released on Wednesday, American Banking News reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price would suggest a potential upside of 163.67% from the company’s current price.
African Minerals Limited (LON:AMI) traded down 1.30% during mid-day trading on Wednesday, hitting GBX 122.8798. 551,665 shares of the company’s stock traded hands. African Minerals Limited has a 52-week low of GBX 120.00 and a 52-week high of GBX 268.00. The stock has a 50-day moving average of GBX 133.7 and a 200-day moving average of GBX 167.2.
A number of other firms have also recently commented on AMI. Analysts at Canaccord Genuity cut their price target on shares of African Minerals Limited from GBX 370 ($6.23) to GBX 295 ($4.97) in a research note on Monday, April 14th. They now have a “buy” rating on the stock. Separately, analysts at Edison Group reiterated a “positive” rating on shares of African Minerals Limited in a research note on Monday, April 7th. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of African Minerals Limited in a research note on Friday, April 4th. They now have a GBX 250 ($4.21) price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 264.75 ($4.46).
African Minerals Limited (LON:AMI) is a minerals exploration, development and production company with interests in Sierra Leone.
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