African Barrick Gold PLC Stock Rating Upgraded by Investec (ABG)
African Barrick Gold PLC (LON:ABG) was upgraded by research analysts at Investec to a “hold” rating in a report released on Tuesday. The firm currently has a GBX 260 ($4.36) price target on the stock, up from their previous price target of GBX 212 ($3.56). Investec’s target price points to a potential upside of 2.97% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of African Barrick Gold PLC in a research note on Wednesday, August 6th. They now have a GBX 280 ($4.70) price target on the stock. Separately, 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 ($5.54) price target on the stock, up previously from GBX 260 ($4.36). Five analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 276.57 ($4.64).
African Barrick Gold PLC (LON:ABG) opened at 258.60 on Tuesday. African Barrick Gold PLC has a 52 week low of GBX 130.90 and a 52 week high of GBX 322.30. The stock has a 50-day moving average of GBX 237.4 and a 200-day moving average of GBX 243.0. The company’s market cap is £1.060 billion.
African Barrick Gold plc (LON:ABG) is a United Kingdom-based company.
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