Pan African Resources plc (PAF) Receives Average Rating of “Buy” from Brokerages
Pan African Resources plc (LON:PAF) has received an average recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 22.60 ($0.29).
Several equities research analysts have recently commented on the stock. Numis Securities Ltd lowered their price objective on shares of Pan African Resources plc from GBX 30 ($0.39) to GBX 28 ($0.36) and set a “buy” rating for the company in a research note on Friday, July 21st. Shore Capital reiterated a “not rated” rating on shares of Pan African Resources plc in a research note on Monday, June 26th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 20 ($0.26) price objective on shares of Pan African Resources plc in a research note on Friday, June 9th.
Pan African Resources plc (LON:PAF) traded up 11.76% during midday trading on Friday, reaching GBX 14.25. The company had a trading volume of 3,616,257 shares. Pan African Resources plc has a 52 week low of GBX 12.25 and a 52 week high of GBX 24.00. The firm has a 50-day moving average price of GBX 13.80 and a 200-day moving average price of GBX 15.33. The company’s market capitalization is GBX 214.73 million.
About Pan African Resources plc
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