Pan African Resources plc (LON:PAF) had its price target dropped by investment analysts at Numis Securities Ltd from GBX 30 ($0.39) to GBX 28 ($0.37) in a research report issued on Friday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Numis Securities Ltd’s price objective indicates a potential upside of 103.64% from the company’s previous close.

Several other brokerages have also recently weighed in on PAF. Peel Hunt raised Pan African Resources plc to a “buy” rating and boosted their price objective for the stock from GBX 19 ($0.25) to GBX 20 ($0.26) in a research note on Friday, May 5th. Shore Capital reissued a “not rated” rating on shares of Pan African Resources plc in a research note on Monday, June 26th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of GBX 22.60 ($0.30).

Pan African Resources plc (LON:PAF) remained flat at GBX 13.75 during trading on Friday. The company had a trading volume of 2,655,373 shares. The firm’s market capitalization is GBX 207.19 million. Pan African Resources plc has a 1-year low of GBX 12.75 and a 1-year high of GBX 24.50. The firm’s 50 day moving average price is GBX 14.80 and its 200 day moving average price is GBX 15.56.

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About Pan African Resources plc

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