Centamin PLC’s Buy Rating Reaffirmed at Nomura (CEY)
Shares of Centamin PLC (LON:CEY) traded up 2.21% on Monday, hitting GBX 74.10. 1,813,283 shares of the company’s stock traded hands. Centamin PLC has a 52-week low of GBX 34.25 and a 52-week high of GBX 75.50. The stock has a 50-day moving average of GBX 69.81 and a 200-day moving average of GBX 59.67. The company’s market cap is £815.8 million.
A number of other analysts have also recently weighed in on CEY. Analysts at Canaccord Genuity downgraded shares of Centamin PLC to a “hold” rating in a research note on Thursday, July 31st. They now have a GBX 74 ($1.24) price target on the stock, up previously from GBX 68 ($1.14). Separately, analysts at Westhouse Securities reiterated a “neutral” rating on shares of Centamin PLC in a research note on Wednesday, July 30th. They now have a GBX 60 ($1.01) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Centamin PLC in a research note on Wednesday, July 23rd. They now have a GBX 90 ($1.51) price target on the stock. Eight investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Centamin PLC presently has a consensus rating of “Hold” and a consensus price target of GBX 63.75 ($1.07).
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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