Centamin PLC Stock Rating Reaffirmed by Investec (CEY)
Centamin PLC (LON:CEY)‘s stock had its “hold” rating reiterated by investment analysts at Investec in a note issued to investors on Friday. They currently have a GBX 70 ($1.17) price target on the stock. Investec’s target price suggests a potential downside of 6.04% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Centamin PLC in a research note on Thursday. They now have a GBX 80 ($1.34) price target on the stock. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Centamin PLC in a research note on Thursday. They now have a GBX 90 ($1.51) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Centamin PLC in a research note on Thursday. They now have a GBX 74 ($1.24) price target on the stock. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 64.42 ($1.08).
Centamin PLC (LON:CEY) opened at 69.1275 on Friday. Centamin PLC has a 1-year low of GBX 34.70 and a 1-year high of GBX 75.50. The stock has a 50-day moving average of GBX 70.4 and a 200-day moving average of GBX 60.13. The company’s market cap is £761.1 million.
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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