Centamin PLC’s “Neutral” Rating Reaffirmed at Westhouse Securities (CEY)
Centamin PLC (LON:CEY)‘s stock had its “neutral” rating reiterated by analysts at Westhouse Securities in a research report issued to clients and investors on Wednesday. They currently have a GBX 60 ($1.01) price target on the stock. Westhouse Securities’ price objective suggests a potential downside of 20.00% from the company’s current price.
Shares of Centamin PLC (LON:CEY) opened at 74.95 on Wednesday. Centamin PLC has a 52-week low of GBX 34.70 and a 52-week high of GBX 75.50. The stock’s 50-day moving average is GBX 69.95 and its 200-day moving average is GBX 59.86. The company’s market cap is £825.2 million.
CEY has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Centamin PLC in a research note on Tuesday. They now have a GBX 70 ($1.17) price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Centamin PLC in a research note on Monday. Finally, 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). Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Centamin PLC presently has an average rating of “Hold” and an average 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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