African Barrick Gold PLC’s Buy Rating Reaffirmed at Deutsche Bank (ABG)
African Barrick Gold PLC (LON:ABG)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank in a report issued on Wednesday. They currently have a GBX 300 ($5.11) price objective on the stock. Deutsche Bank’s target price indicates a potential upside of 35.99% from the stock’s previous close.
Shares of African Barrick Gold PLC (LON:ABG) traded down 1.22% during mid-day trading on Wednesday, hitting GBX 217.90. 468,482 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 217.2 and a 200-day moving average of GBX 231.4. The company’s market cap is £887.8 million.
A number of other analysts have also recently weighed in on ABG. Analysts at RBC Capital reiterated an “outperform” rating on shares of African Barrick Gold PLC in a research note on Monday. They now have a GBX 340 ($5.79) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of African Barrick Gold PLC in a research note on Tuesday, June 24th. They now have a GBX 260 ($4.43) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of African Barrick Gold PLC in a research note on Thursday, June 12th. They now have a GBX 260 ($4.43) price target on the stock. Seven analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 241.47 ($4.11).
African Barrick Gold plc (LON:ABG) is a United Kingdom-based company.
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