Centamin PLC Receives “Buy” Rating from Numis Securities Ltd (CEY)
Centamin PLC (LON:CEY)‘s stock had its “buy” rating reaffirmed by equities research analysts at Numis Securities Ltd in a research note issued to investors on Wednesday. They currently have a GBX 70 ($1.19) target price on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 9.03% from the stock’s previous close.
A number of other analysts have also recently weighed in on CEY. Analysts at RBC Capital reiterated an “outperform” rating on shares of Centamin PLC in a research note on Monday. They now have a GBX 80 ($1.36) price target on the stock. Finally, analysts at Investec raised their price target on shares of Centamin PLC from GBX 57 ($0.97) to GBX 62 ($1.06) in a research note on Wednesday, May 21st. They now have a “hold” rating on the stock. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 60.38 ($1.03).
Centamin PLC (LON:CEY) opened at 64.50 on Wednesday. Centamin PLC has a 52 week low of GBX 30.119 and a 52 week high of GBX 66.288. The stock has a 50-day moving average of GBX 62.30 and a 200-day moving average of GBX 54.32. The company’s market cap is £710.1 million.
Centamin plc is the ultimate holding company. The Company, along with its subsidiaries, is engaged in the business of exploration for precious and base metals.
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