Centamin PLC Given Buy Rating at Nomura (CEY)
Centamin PLC (LON:CEY)‘s stock had its “buy” rating reiterated by stock analysts at Nomura in a report issued on Friday. They currently have a GBX 85 ($1.46) price target on the stock. Nomura’s price target would suggest a potential upside of 26.87% from the company’s current price.
A number of other analysts have also recently weighed in on CEY. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Centamin PLC in a research note on Thursday. They now have a GBX 70 ($1.20) price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Centamin PLC in a research note on Wednesday. They now have a GBX 80 ($1.37) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Centamin PLC in a research note on Monday. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 62.83 ($1.08).
Shares of Centamin PLC (LON:CEY) traded down 3.32% on Friday, hitting GBX 67.00. 5,522,900 shares of the company’s stock traded hands. Centamin PLC has a 52-week low of GBX 33.46 and a 52-week high of GBX 69.50. The stock’s 50-day moving average is GBX 63.65 and its 200-day moving average is GBX 55.53. The company’s market cap is £737.7 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.