Numis Securities Ltd Reaffirms Buy Rating for African Barrick Gold PLC (ABG)
African Barrick Gold PLC (LON:ABG)‘s stock had its “buy” rating reiterated by equities researchers at Numis Securities Ltd in a research report issued on Wednesday. They currently have a GBX 330 ($5.52) price objective on the stock. Numis Securities Ltd’s target price points to a potential upside of 35.80% from the company’s current price.
African Barrick Gold PLC (LON:ABG) opened at 239.90 on Wednesday. African Barrick Gold PLC has a one year low of GBX 134.60 and a one year high of GBX 322.30. The stock has a 50-day moving average of GBX 243.1 and a 200-day moving average of GBX 244.3. The company’s market cap is £983.8 million.
ABG has been the subject of a number of other recent research reports. Analysts at Investec upgraded shares of African Barrick Gold PLC to a “hold” rating in a research note on Tuesday, August 12th. They now have a GBX 260 ($4.35) price target on the stock, up previously from GBX 212 ($3.54). Separately, 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 ($4.68) price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of African Barrick Gold PLC from GBX 300 ($5.02) to GBX 280 ($4.68) in a research note on Monday, July 28th. They now have a “buy” rating on the stock. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 276.57 ($4.62).
African Barrick Gold plc (LON:ABG) is a United Kingdom-based company.
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