Deutsche Bank Lowers African Barrick Gold PLC to Hold (ABG)
African Barrick Gold PLC (LON:ABG) was downgraded by equities researchers at Deutsche Bank to a “hold” rating in a research report issued on Wednesday. They currently have a GBX 280 ($4.65) price target on the stock. Deutsche Bank’s price target indicates a potential upside of 17.94% from the company’s current price.
ABG has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of African Barrick Gold PLC in a research note on Wednesday, August 20th. They now have a GBX 330 ($5.48) price target on the stock. Separately, 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 ($4.31) price target on the stock, up previously from GBX 212 ($3.52). Five analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 276.57 ($4.59).
Shares of African Barrick Gold PLC (LON:ABG) traded down 4.34% during mid-day trading on Wednesday, hitting GBX 227.10. 893,195 shares of the company’s stock traded hands. 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 247.0 and a 200-day moving average of GBX 244.5. The company’s market cap is £931.3 million.
African Barrick Gold plc (LON:ABG) is a United Kingdom-based company.
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