Serabi Gold PLC (LON:SRB) had its target price raised by Peel Hunt from GBX 6 ($0.08) to GBX 7.60 ($0.10) in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s price target points to a potential upside of 44.76% from the company’s current price.

Serabi Gold PLC (LON:SRB) opened at 5.25 on Thursday. The stock’s 50 day moving average is GBX 5.70 and its 200 day moving average is GBX 4.98. The company’s market capitalization is GBX 34.46 million. Serabi Gold PLC has a one year low of GBX 2.40 and a one year high of GBX 7.00.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/peel-hunt-increases-serabi-gold-plc-srb-price-target-to-gbx-7-60.html

About Serabi Gold PLC

Serabi Gold plc is a United Kingdom-based holding and gold sales company and a provider of support and management services to its operating subsidiaries. The Company is engaged in the evaluation and development of gold projects in Brazil. It is involved in the development of gold and other metals mining projects in Brazil and the operation of the Palito gold mine in the Tapajos region of Brazil.

Receive News & Ratings for Serabi Gold PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Serabi Gold PLC and related companies with MarketBeat.com's FREE daily email newsletter.