Centamin PLC (CEY) Price Target Cut to GBX 155
Centamin PLC (LON:CEY) had its price objective lowered by equities research analysts at Jefferies Group LLC from GBX 170 ($2.26) to GBX 155 ($2.06) in a research note issued on Thursday, MarketBeat Ratings reports. The firm presently has a “hold” rating on the mining company’s stock. Jefferies Group LLC’s target price points to a potential upside of 7.64% from the stock’s current price.
Several other equities analysts have also recently issued reports on CEY. Canaccord Genuity reiterated a “buy” rating and set a GBX 165 ($2.19) target price on shares of Centamin PLC in a research report on Monday, July 10th. Numis Securities Ltd reiterated an “add” rating and set a GBX 170 ($2.26) target price on shares of Centamin PLC in a research report on Tuesday, July 11th. Panmure Gordon reiterated a “buy” rating and set a GBX 180 ($2.39) target price on shares of Centamin PLC in a research report on Thursday, August 3rd. Shore Capital reiterated a “not rated” rating on shares of Centamin PLC in a research report on Monday, October 9th. Finally, Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating and set a GBX 210 ($2.79) price target on shares of Centamin PLC in a research note on Tuesday, October 10th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 184.38 ($2.45).
Shares of Centamin PLC (CEY) traded down 0.14% during trading on Thursday, reaching GBX 144.00. The company’s stock had a trading volume of 5,169,638 shares. The firm’s market capitalization is GBX 1.66 billion. Centamin PLC has a 52 week low of GBX 114.60 and a 52 week high of GBX 193.90. The company has a 50 day moving average price of GBX 145.82 and a 200 day moving average price of GBX 160.10.
ILLEGAL ACTIVITY WARNING: This piece of content was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/10/22/centamin-plc-cey-price-target-cut-to-gbx-155.html.
About Centamin PLC
Centamin plc is a mineral exploration, development and mining company. The Company is engaged in the business of exploration and production of precious metals. It operates in Australia, Jersey, Egypt, Burkina Faso and Cote d’Ivoire. Its principal asset, the Sukari Gold Mine (SGM), is located in the Eastern Desert, approximately 900 kilometers from Cairo and 25 kilometers from the Red Sea.
Receive News & Ratings for Centamin PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Centamin PLC and related companies with MarketBeat.com's FREE daily email newsletter.