Numis Securities Ltd Reaffirms “Hold” Rating for Centamin PLC (CEY)
Centamin PLC (LON:CEY)‘s stock had its “hold” rating reiterated by investment analysts at Numis Securities Ltd in a note issued to investors on Friday. They currently have a GBX 70 ($1.16) target price on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 5.98% from the company’s current price.
A number of other analysts have also recently weighed in on CEY. Analysts at Investec raised their price target on shares of Centamin PLC from GBX 62 ($1.03) to GBX 70 ($1.16) in a research note on Friday, August 15th. 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 ($1.33) 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 ($1.49) price target on the stock. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 64.42 ($1.07).
Shares of Centamin PLC (LON:CEY) opened at 65.40 on Friday. Centamin PLC has a one year low of GBX 38.00 and a one year high of GBX 75.50. The stock has a 50-day moving average of GBX 69.46 and a 200-day moving average of GBX 61.94. The company’s market cap is £745.8 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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