Pan African Resources plc (PAF) Receives Consensus Rating of “Buy” from Analysts

Shares of Pan African Resources plc (LON:PAF) have been assigned a consensus rating of “Buy” from the six research firms that are presently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 21.75 ($0.29).

A number of analysts have issued reports on the stock. Peel Hunt reiterated a “buy” rating and issued a GBX 20 ($0.27) target price on shares of Pan African Resources in a research note on Wednesday, September 20th. upgraded shares of Pan African Resources to a “buy” rating and lifted their target price for the company from GBX 15 ($0.20) to GBX 16 ($0.22) in a research note on Tuesday, October 31st. Finally, Numis Securities reiterated a “buy” rating and issued a GBX 28 ($0.38) target price on shares of Pan African Resources in a research note on Thursday, September 21st.

Shares of Pan African Resources (LON:PAF) opened at GBX 13.94 ($0.19) on Friday. The company has a market cap of $311.52 and a P/E ratio of 1,394.00. Pan African Resources has a fifty-two week low of GBX 12.25 ($0.17) and a fifty-two week high of GBX 18.25 ($0.25).

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