African Barrick Gold PLC Receives Consensus Recommendation of “Hold” from Brokerages (LON:ABG)
Shares of African Barrick Gold PLC (LON:ABG) have earned a consensus recommendation of “Hold” from the nineteen ratings firms that are currently covering the company, Stock Ratings Network.com reports. Seven research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 253.13 ($4.30).
Shares of African Barrick Gold PLC (LON:ABG) traded down 0.19% on Wednesday, hitting GBX 263.30. The stock had a trading volume of 594,009 shares. African Barrick Gold PLC has a one year low of GBX 108.20 and a one year high of GBX 322.30. The stock has a 50-day moving average of GBX 227.3 and a 200-day moving average of GBX 239.1. The company’s market cap is £1.080 billion.
ABG has been the subject of a number of recent research reports. Analysts at Numis Securities Ltd upgraded shares of African Barrick Gold PLC to a “buy” rating in a research note on Tuesday. They now have a GBX 330 ($5.60) price target on the stock, up previously from GBX 260 ($4.42). Separately, analysts at Deutsche Bank cut their price target on shares of African Barrick Gold PLC from GBX 300 ($5.09) to GBX 280 ($4.75) in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at Beaufort Securities reiterated a “sell” rating on shares of African Barrick Gold PLC in a research note on Monday.
African Barrick Gold plc (LON:ABG) is a United Kingdom-based company.
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