African Barrick Gold PLC’s “Buy” Rating Reiterated at Numis Securities Ltd (ABG)
African Barrick Gold PLC (LON:ABG)‘s stock had its “buy” rating restated by equities research analysts at Numis Securities Ltd in a research note issued to investors on Friday. They currently have a GBX 330 ($5.48) price objective on the stock. Numis Securities Ltd’s price target would indicate a potential upside of 43.23% from the company’s current price.
Shares of African Barrick Gold PLC (LON:ABG) opened at 228.80 on Friday. African Barrick Gold PLC has a 1-year low of GBX 134.60 and a 1-year high of GBX 322.30. The stock has a 50-day moving average of GBX 246.9 and a 200-day moving average of GBX 244.1. The company’s market cap is £938.3 million.
A number of other firms have also recently commented on ABG. Analysts at Deutsche Bank downgraded shares of African Barrick Gold PLC to a “hold” rating in a research note on Wednesday. They now have a GBX 280 ($4.65) 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 investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 276.57 ($4.59).
African Barrick Gold plc (LON:ABG) is a United Kingdom-based company.
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