Centamin PLC Lowered to Hold at Numis Securities Ltd (CEY)
Centamin PLC (LON:CEY) was downgraded by equities research analysts at Numis Securities Ltd to a “hold” rating in a research note issued to investors on Tuesday. They currently have a GBX 70 ($1.17) price target on the stock. Numis Securities Ltd’s price objective would suggest a potential downside of 6.04% from the company’s current price.
Centamin PLC (LON:CEY) opened at 68.9025 on Tuesday. Centamin PLC has a one year low of GBX 34.70 and a one year high of GBX 75.50. The stock’s 50-day moving average is GBX 70.4 and its 200-day moving average is GBX 60.13. The company’s market cap is £758.6 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura reiterated a “buy” rating on shares of Centamin PLC in a research note on Monday. Separately, 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). Finally, 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. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently 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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