African Barrick Gold PLC Stock Rating Reaffirmed by Citigroup Inc. (ABG)
African Barrick Gold PLC (LON:ABG)‘s stock had its “sell” rating reiterated by Citigroup Inc. in a research note issued on Monday. They currently have a GBX 178 ($3.05) price objective on the stock. Citigroup Inc.’s target price indicates a potential downside of 21.31% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of African Barrick Gold PLC in a research note on Thursday. They now have a GBX 260 ($4.46) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of African Barrick Gold PLC in a research note on Wednesday, July 2nd. They now have a GBX 300 ($5.15) price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of African Barrick Gold PLC in a research note on Monday, June 30th. They now have a GBX 340 ($5.83) price target on the stock. Seven research 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 a consensus price target of GBX 241.41 ($4.14).
Shares of African Barrick Gold PLC (LON:ABG) traded down 1.95% during mid-day trading on Monday, hitting GBX 221.80. 539,179 shares of the company’s stock traded hands. African Barrick Gold PLC has a one year low of GBX 93.50 and a one year high of GBX 322.30. The stock’s 50-day moving average is GBX 216.9 and its 200-day moving average is GBX 232.6. The company’s market cap is £903.7 million.
African Barrick Gold plc (LON:ABG) is a United Kingdom-based company.
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