Centamin PLC Receives Consensus Recommendation of “Hold” from Analysts (LON:CEY)
Shares of Centamin PLC (LON:CEY) have been given a consensus rating of “Hold” by the fourteen analysts that are covering the stock, American Banking News reports. Nine equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 64.42 ($1.08).
Shares of Centamin PLC (LON:CEY) traded up 1.91% on Tuesday, hitting GBX 65.526. 3,123,814 shares of the company’s stock traded hands. Centamin PLC has a 1-year low of GBX 35.92 and a 1-year high of GBX 75.50. The stock’s 50-day moving average is GBX 70.75 and its 200-day moving average is GBX 60.53. The company’s market cap is £747.2 million.
CEY has been the subject of a number of recent research reports. Analysts at Investec raised their price target on shares of Centamin PLC from GBX 62 ($1.04) to GBX 70 ($1.17) in a research note on Friday. They now have a “hold” rating on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Centamin PLC in a research note on Thursday, August 14th. They now have a GBX 80 ($1.34) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Centamin PLC in a research note on Thursday, August 14th. They now have a GBX 90 ($1.50) price target on the stock.
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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