African Barrick Gold PLC Receives Consensus Rating of “Hold” from Analysts (LON:ABG)
African Barrick Gold PLC (LON:ABG) has earned an average rating of “Hold” from the seventeen brokerages that are currently covering the company, AnalystRatingsNetwork.com reports. Six equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 277.85 ($4.72).
African Barrick Gold PLC (LON:ABG) opened at 264.70 on Wednesday. African Barrick Gold PLC has a one year low of GBX 108.402 and a one year high of GBX 322.30. The stock has a 50-day moving average of GBX 230.7 and a 200-day moving average of GBX 240.0. The company’s market cap is £1.086 billion.
A number of analysts have recently weighed in on ABG shares. Analysts at Numis Securities Ltd upgraded shares of African Barrick Gold PLC to a “buy” rating in a research note on Tuesday, July 29th. 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, July 28th. 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, July 28th.
African Barrick Gold plc (LON:ABG) is a United Kingdom-based company.
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