African Barrick Gold PLC’s “Hold” Rating Reaffirmed at Numis Securities Ltd (ABG)
African Barrick Gold PLC (LON:ABG)‘s stock had its “hold” rating restated by stock analysts at Numis Securities Ltd in a report issued on Friday, Stock Ratings News reports. They currently have a GBX 260 ($4.38) price objective on the stock. Numis Securities Ltd’s target price indicates a potential upside of 16.33% from the stock’s previous close.
Shares of African Barrick Gold PLC (LON:ABG) opened at 212.939 on Friday. African Barrick Gold PLC has a 1-year low of GBX 93.50 and a 1-year high of GBX 322.30. The stock’s 50-day moving average is GBX 249.2 and its 200-day moving average is GBX 221.8. The company’s market cap is £867.6 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of African Barrick Gold PLC in a research note on Friday, May 9th. They now have a GBX 350 ($5.90) price target on the stock. Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of African Barrick Gold PLC in a research note on Tuesday, May 6th. They now have a GBX 250 ($4.21) price target on the stock. Finally, analysts at Barclays upgraded shares of African Barrick Gold PLC to an “equal weight” rating in a research note on Tuesday, April 29th. They now have a GBX 260 ($4.38) price target on the stock. Seven analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. African Barrick Gold PLC currently has a consensus rating of “Hold” and an average target price of GBX 242.06 ($4.08).
African Barrick Gold plc (LON:ABG) is a United Kingdom-based company.
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